This is such a strange comment. The vast majority of AI use cases are LLM use cases. Generative Art is just a novelty. Most of the money and research right now is going towards the useful automation tasks, not the novelty. That people are abandoning one for the other is not a reasonable conclusion.
And NFTs were stupid for a completely different reason. Nobody is trying to sell me AI shit like it's going to make me rich and special. And at least some NFTs had real artists behind them.