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To be fair, the speed of F1 cars is mostly limited by regulations that are meant to make the sport more competitive and entertaining. With fewer restrictions on engines and aerodynamics we could have had much faster cars within a year.

But even setting safety issues aside, the insane aero wash would make it nearly impossible to follow another car, let alone overtake it, hence the restrictions and the big "rule resets" every few years that slow down the cars, compensating for all of the tricks the teams have found over that time.

(I agree with the general thoughts on the state of LLMs though, just a bit too much into open-wheel cars going vroom vroom in circles for two hours at a time)



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