The issue here is that we've well gone into sharply exponential expenditure of resources for reduced gains and a lot of good theory predicting that the breakthroughs we have seen are about tapped out, and no good way to anticipate when a further breakthrough might happen, could be real soon or another few decades off.

I anticipate a pull back of resources invested and a settling for some middle ground where it is absolutely useful/good enough to have the current state of the art, mostly wrong but very quick when it's right with relatively acceptable consequences for the mistakes. Perhaps society getting used to the sorts of things it will fail at and reducing how much time we try to make the LLMs play in that 70% wrong sort of use case.

I see LLMs as replacing first line support, maybe escalating to a human when actual stakes arise for a call (issuing warranty replacement, usage scenario that actually has serious consequences, customer demanding the human escalation after recognizing they are falling through the AI cracks without the AI figuring out to escalate). I expect to rarely ever see "stock photography" used again. I expect animation to employ AI at least for backgrounds like "generic forest that no one is going to actively look like, but it must be plausibly forest". I expect it to augment software developers, but not able to enable a generic manager to code up whatever he might imagine. The commonality in all these is that they live in the mind numbing sorts of things current LLM can get right and/or a high tolerance for mistakes with ample opportunity for humans to intervene before the mistakes inflict much cost.