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LLM's have their use, there is no doubt about that. I'm in the middle of creating a home brew campaign for my D&D group and unfortunately I'm a lousy artist and I wanted a few things visualized. Well, I used a photo generating AI to create something that had the visual I wanted. I'm going to use it for my campaign and it will probably just sit on my hard drive after I'm done.
My employer is rolling out AI and is asking us to find places to insert it into our workflows. I am doing that with my team, but none of us are really sure if it will be of any benefit.
The problem right now is we're at the stage where idiots are convinced it is something that it is not and they have literally thrown 10's of billions of dollars at it. Now... They are staring at the wide abyss that is the amount of money they invested vs the amount of money people are willing to pay for it.
I've seen arguments for and against the presence of an AI bubble... Personally, I think it's a bubble that's so large that it will take down several long established computer industry manufacturers when if pops. Those that are arguing its absence probably have large investments that they do not want to see fail.