Generally speaking the local crowd is anti-hype, and so it's easy to get the manifestation of that conflated with with what you're describing.

(I fit your literal description, but primarily from a nomenclature perspective - I'll call them generative models and LLMs - and I appreciate this puts me in the minority. BUT I do believe part of the hype feedback loop was the intentional mislabelling of these technologies from the outset. AND I understand why the marketers did that.)

I suspect the older crowd has lived through the hype playbook enough to recognise it early, and that the pattern this time around is becoming a bit a bit more obvious now, so I expect increasing levelling out of expectations & understanding.