You could have said the same for crypto/blockchain 3-4 years ago (or whenever it was at peak hype).
Eventually we realized what is and isn't possible or practical to use blockchain for. It didn't really live up to all the original hype years ago, but it's still a good technology to have around.
It's possible LLMs could follow a similar pattern, but who knows.
It created a speculative asset that some people are passionate about.
However, if you saw the homepage of HN during blockchain peak hype, being a speculative asset / digital currency was seen almost as a side effect of the underlying technology, but it turns out that’s pretty much all it turned out to be useful for.
Eventually we realized what is and isn't possible or practical to use blockchain for. It didn't really live up to all the original hype years ago, but it's still a good technology to have around.
It's possible LLMs could follow a similar pattern, but who knows.