Generative AI collapsing is a good thing in my mind. People are using as real general artificial intelligence rather than what it is, a large language model.
It will still be useful as a large language model, in more restrictive use cases, and there are all sorts of specialized learned by algorithms that technically are AI that are useful and will remain so.
But the toxic idea that because it sounds intelligent and creative and human, so you can replace intelligent creative humans with it needs to die.