AGI is fundamentally impossible through data scaling like they tried to claim and achieving AGI is what all this depends on. The long tail problem will remain undefeated and the IPOs are a desperate move to get the cash needed to scale one last time.
They could have just kept improving the technology without all the psychosis and finding use cases and ways to make it more reliable but instead they bet everything on a language model becoming their slave god.
Slowly deflating would be nice, but I don't see how. In any case the economy is getting wrecked and any goodwill tech companies had with employees is gone after going completely adversarial towards them as soon as they had an opportunity to. The most profitable use case of gen-AI is still spams and scams.