This isn't the first person i've heard say something along these lines. usually something decrying the hype in AI. My own feeling is that its mental models: 'we have seen hype before, it was nothing, this is hype, so it must be nothing"

But, to me it reminds me of when the internet took off in the mid to late 90s - people (usually older than me) would decry it as 'the latest fad' and play down the affect that this would have on our everyday life. Before hilariously comparing the internet to 'space invaders' or a 'yo-yo' or something weird that at least gave insight into the fact that they really didn't know what it was they were talking about.

People comparing AI/AGI to NFT's or crypto, are IMHO, as weirdly off-base as those who compared 'the internet' to yo-yo's were back in the day.

LLMs are not AI