Yes, it's true. But then again, if it didn't make mistakes anymore, we would have created a general porpuse solution machine working with all of human knowledge.
"We've created a plane that can fly 10 km!"
"Meh, 10 km is not that useful. Also, it's still expensive"
20 year ago, even current ChatGPT would be straight up science fiction. We are getting to a point where we develop tools that are unlike any other in their power to solve problems for us. And development will likely only get more intense on that front. These systems made quite a splash recently so there will be even more money going into it. Custom hardware for AI systems is being advanced all the time and every large software company wants AI developers.
I'm amazed that we don't think about how we are going to handle this. There are a lot of areas where the next gen (or the one after etc.) ChatGPT might have dramatic consequences both good and bad.