In reality, people ended up having to deal with weird bugs because asynchronous Python isn't the most ergonomic, while having negligible to zero performance improvements. Proof that most people are terrible at choosing tech stacks.
Then, AI came into the scene and people were building APIs that were essentilly front-ends to third party LLM APIs. For example, people could build an API that will contact OpenAI before returning a response. That's where FastAPI truly shined because of native asynchronous views which provides better performance over Flask's async implementation. Then people realized that can can simply access OpenAI's API instead of calling another front-end API first. But now they're already invested in FastAPI, so changing to another framework isn't going to happen.
Either way, I like FastAPI and I think Sebatian Ramirez is a great dude who knows what he wants. I have respect for a person who know how to say no. But it's unfortunate that people believe that Flask is irrelevant just because FastAPI exists.