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Generative AI is still a solution in search of a problem
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Agreed. I mean yeah, image generators are still very limited (or at least, difficult to use in an advanced, targeted way), but there's a new research paper out every day detailing new techniques. None of the criticisms of Midjourney or Stable Diffusion today are likely to remain valid in a year or even six months. And they're already highly useful for certain tasks.
Same with LLMs, only we've already reached the point where they are good enough for almost anything if you care to write a good application around them. The problem with LLMs at this point is marketing; people expect them to be magic and are disappointed when they don't live up their expectations. They're not magic but they are extremely useful. Just please, for the love of god, do not treat them as information repositories...