Local maxima go BRRRRRRR AI will get there eventually, but this current paradigm seems increasingly only useful for spam and shitty clip art. Even so, everyone is throwing absurd amounts of investment capital at it in the hopes that something useful will happen. It's a pretty clear depiction of the investor class being so detached from the technical reality of what they're investing in that they just sit around light…
And it can feel like magic, because we're pattern-seeking and pattern-matching creatures, so something that seems to intuit the pattern we're looking for (even if imperfectly) can feel quite a bit like reasoning with another human. To be a bit less generous to humans, it's often the same as talking with another human, because we spend much of our lives writing boilerplate or making small talk or otherwise just kind of on autopilot and answering patterns with expected responses without seriously engaging our complex reasoning. (Do you have to really think about how to map-filter-reduce a dataset anymore? Or think seriously about how you really are when someone says "how are you"? We don't usually expect other people to, and most of the time we're satisfied by exchanging recognizable / somewhat coherent language patterns which we can count on each other to fill in the gaps of. But this is not the intelligence in human intelligence).
The corporate hype machine works overtime to hype it as a solution, but that's just what they do. That's all spin. We see through it now, and we're getting to the point where people are asking the only important question about this tech, which is, how much will you pay for a nerfed autocomplete to do X?