I keep seeing this take and it doesn't make any sense to me. Some tech has obvious utility and some doesn't.
For example, I knew internet (web, email) were valuable when I discovered them because accessing information and communicating with people were already things I did - the internet unequivocally made them faster and easier and often cheaper.
chatGPT / bard gave me a similar vibe - I use them to brain storm/shape ideas, and as mentioned elsewhere, they do a great job of tasks like drafting a job ad. These are things people already do and this tech just makes it better. So people will use it.
In contrast, I "get" why people were excited by crypto but I don't personally know anyone whose payment/banking experience is improved by it. As an American for example there was nothing tangible Bitcoin made easier vs my bank account and visa. So it was always less "obvious" that it was going to be a valuable thing beyond hype.