It is obvious that the generative AI era is different qualitatively. There are still some developments in non-generative AI that are having positive impacts but I think if you ask most people about what they understand about AI they are alarmed and concerned by it, or bored and depressed with it, on some level. This is caused by Generative AI and it will affect perceptions of all AI tools, causing growing cynicism, and this will rapidly spread to very broad distrust and loathing of the tech industry as a whole. This is not an industry people trust to bring liberating progress anymore; rather they see it as a machine that empowers arrogant, uncultured, fragile middle-aged male overlords.
It may be because I am British and we are cynical about the disruptive confidence of US tech people (especially two or three who loom over our politics, threatening to empower the very worst of them) or it may be that upwards of 90% of my friends are involved in the creative industry in some way, but there is no good feeling at the moment. Nobody is excited about what it will bring, and the interesting thing is that many of my friends who are unaware of the concerns about circular money movements or the AI bubble collapsing have a strong sense that an edifice is going collapse and take a lot of positive things with it.
We are not just heading towards an AI bubble collapse. We are heading towards a collapse in belief in progress at all, because every time we see progress, it is enshittified and "disrupted" by callous forces chained to grotesque private equity firms and the new kings.