Yes.
The infancy phase of this technology is represented by the pursuit of making wildly grand, wildly expensive, all-purpose models that somehow discern a user's full accurate intent from a lazy, underdeveloped, vague idea that they ambiguously and poorly express in a couple dozen words.
The adolescence will arrive as those outsized and ill-considered ambitions collapse and we instead see a cambrian explosion of restrained but efficient model+harness-tuples that have been distilled, finetuned, and rigged to deliver on narrowly scoped but idiosyncratically-shaped tasks with incredible efficiency and erogonomics.
Someone will eventually figure out how to package it all into a single, cheap chip
This idea has failed to pan out time and time again - people have an instinct that hand-crafted finely-tuned specialized AI systems must be optimal, but throwing more scale and compute to something more generally smart always wins out. It's especially palpable just looking at the last few years of LLM's: a frontier model with all the world knowledge you can stuff in it and every tool at its disposal has always performed the best at all tasks. Suggesting otherwise has become an extraordinary claim requiring extraordinary evidence.
http://www.incompleteideas.net/IncIdeas/BitterLesson.html
Recent comment touching on this in relation to LLM's in more depth: https://news.ycombinator.com/item?id=49322695#49323341