Is generative AI just a big bubble or a revolution in the making?

In 2023, everyone was on the generative AI bandwagon, and companies rushed to add AI capabilities to their products. But as 2024 draws to a close, fatigue is setting in. GPT4 has been around for 1.5 years in one form or another. Sora was promised to revolutionize video production, but it's nowhere to be seen. It seems that the pace of innovation has slowed and the promise of exponential growth is fading. So what do you think? Is generative AI just a big bubble with wildly inflated customer expectations, or a true revolution that we have to wait a couple of years for?