OTOH: Whether generative AI has any value beyond mass desinformation and making "creative people" unemployed only the future may show. Also: Given than you need super-computers to do the training it's unlikely it will become a technology that can be used by everyone. (The situation here is imho similar to "open hardware": You may be able to design the hardware but you're not able to actually build it in your basement—like it's the case for open source software, which made kind of a revolution possible. AI will likely remain purely a toy for the few richest companies on this planet, without any access for the masses, beyond being "customers").
Regarding VR (the "metaverse"): This was a dead idea already as Second Life was hyped. VR pops up every 10 - 20 years since the 60's, but never caught on; and likely never will for practical reasons. Even Bitcoin has more real wold applications average people would care about than VR (e.g. you can at least buy "stuff" with Bitcoin, or send and receive money against the will of your government).