Yes, there is hype.
But if you actually filter it out, instead of (over) reacting to it in either direction, progress has been phenomenal and the fact there is visible progress in many areas, including LLMs, in the order of months demonstrates no walls.
Visible progress doesn’t mean astounding progress. But any tech that is improving year to year is moving at a good speed.
Huge apparent leaps in recent years seem to have spoiled some people. Or perhaps desensitized them. Or perhaps, created frustration that big leaps don’t happen every week.
I can’t fathom anyone not using models for 1000 things. But we all operate differently, and have different kinds of lives, work and problems. So I take claims that individuals are not getting much from models at face value.
But that some people are not finding the value isn’t an argument that those of us getting value, increasing value isn’t real.