As someone who gleefully followed along as the Web3 hype train derailed, an important distinction is that crypto turns every believer into a salesperson, by design. There were some that were truly passionate about the potential applications for blockchain technology, but by and large they were drowned out by people who, having poured $10k into the memecoin of the week, wanted to see the price of that coin rise.
This doesn't feel like that. The applications of generative AI have become self-evident to anyone that's followed their rise. Specific applications of AI resemble snake oil, and there are hucksters who pivoted from crypto to AI, but the ratio of legit use cases to scams isn't even close.
If anything, the incentives for embellishment have flipped since crypto. VC-funded AI companies will dreamily fire press releases about AI taking us to Mars, but it doesn't have the pseudo-grassroots quality of cryptocurrency hype. The average worker is incentivized to be an AI skeptic. The rise of generative AI threatens workers in several fields today, and has already negatively impacted copywriters and freelance artists. I absolutely understand why people in those fields would respond by calling AI use unethical and criticize the shortcomings of today's models.
We'll see what the next few years hold. But personally, I foresee AI integration ramping up. Even if the models themselves completely stagnate from this point on, there's a lot of missing glue between the models and the real world.