Maybe if you think artificially inflating the hype through massive ad campaigns, marketing campaigns, and shoe-horning AI into every product then yeah the world has a reaction to AI. It's mostly been meh, things like Apple Intelligence and Office Copilot have largely fallen flat.

If the hype was real none of these AI initiatives would be struggling to make money, but they are.

I don't really see it different than the artificial web3 hype, the only difference being that LLMs are use for extreme happy path scenarios.