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The internet was a bubble. That doesn't mean it's not useful. It just means that companies are overselling its value. There are too many companies jumping on the bandwagon, and not all of them with survive when the bubble pops.
It's still bad and destructive, but I think far too many people are interpreting this bubble as "if I wait a few more years, this technology will disappear and I won't have to worry about it any more". No, it's more like the internet where if people wait a few more years and don't use it, they will lag behind and be replaced by people who understand the tech. Companies that don't use it will die out.
I like Hank Green's recent takes on AI.
Companies are already paying for AI services. You think everybody has a free account? Please!
I use LLMs every day in my job. It's a useful tool for programming, and it's saved me a lot of time searching for information.
You pay for them now, but once they become cheaper and more efficient no one will pay for them, and people will be able to run the models locally. I agree AI is useful, it's not going away, and will become more accessible and cheaper rapidly as time progresses.