Yes because all the valuations right now are based on a bet that this will replace a huge chunk of the service/consulting budget toward an AI budget for pentest. This will not happen.
Do you think they could move toward other technologies if they show maturity in that sector that AI cannot provide ?
I have no stake in this market, but: human-in-the-loop AI-mediated pentesting will absolutely slaughter billable hours for offensive security talent. Hell, if Fortify and Burp Scanner were actually good, you wouldn't even need the last few years of LLM advancement to accomplish that; the problem is that current automation is not very good. LLM-augmented automation happens, as a weird quirk of fate, to be almost laser-guided at the weaknesses of that technology.