I work in the field and I don't want to say this is completely correct, but there are large swaths of the technology and hype for which it's basically true. There are lots of cool tricks and lots of promise but, in particular with generative AI that isn't a generic chat assistant or text to image model, there has not been a demonstrated business case with any traction (I'd invite anyone to give me a concrete example that disproves my assertion). I think there are promising avenues in the tech and I'm working to change this, as are many others. Though I'd say most of the people that are heavily promoting it are trying to sell some generic platform or tool or something that assumes the buyer has their own use case for it.
Anyway, ML has some uses and the latest round will too but most of the hype will be unrealized, as it has been with computer vision, deep learning, etc.
Anyway, ML has some uses and the latest round will too but most of the hype will be unrealized, as it has been with computer vision, deep learning, etc.