It surprises me that people still believe this! I've seen AI deliver incredible value over the past year. I believe the application level is utilizing <.5% (probably less) of the total value that can be derived from current foundation models.

It's only a niche weird opinion you'll find on forums like HN.

In the real world, it's immensely useful to millions of people. It's possible for a thing to both be incredibly useful and overhyped at the same time.

What evidence supports your conclusions?

What evidence are you aware of that counters it?

Based on your gung ho attitude I suspect that you are personally invested in "AI products" or otherwise work for a firm that creates "AI products"