I think we share the same view here, which I think is most widely discussed as "AI capability overhang". Like you also said, a large, growing amount (digital) tasks can already be completed reliably with existing models. For those - this was my point - the models are competing on price, speed, reliability, etc.

I also agree that more capable models are still desirable in plenty of spaces. I just see that there is so much lag in the diffusion of existing models, which, again, are already sufficiently capable.