On the contrary: society has repeatedly rejected a lot of ideas that industries have come up with.
HD DVD, 3D TV, Crypto Currency, NFT's, Laser Discs, 8-track tapes, UMD's. A decade ago everyone was hyping up how VR would be the future of gaming, yet it's still a niche novelty today.
The difference with AI is that I don't think I've ever seen a supply side push this strong before. I'm not seeing a whole lot of demand for it from individual people. It's "oh this is a neat little feature I can use" not "this technology is going to change my life" the way that the laundry machine, the personal motor vehicle, the telephone, or the internet did. I could be wrong but I think that as long as we can survive the bubble bursting, we will come out on the other side with LLM's being a blip on the radar. And one consequence will be that if anyone makes a real AI they will need to call it something else for marketing purposes because "AI" will be ruined.