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Fwiw , you're conflating multiple things and consequently drawing premature conclusions.

It can be massively over hyped for it's current capacity and decimate the white collar work.

A lot of the difference of opinion is down to their point of view. At my dayjob, LLMs will not live up to anything because the enterprise is not structured to take advantage of it's strength. That's unlikely to change within the foreseeable future.

I strongly suspect you mostly talked with people coming from just such a background, because it's hard to go beyond our own bubbles

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Sure, naturally. And yet parent commenter is remarking that simultaneously no AI-true-believer startups have supplanted the old money, and simultaneously despite much talk the bigcos have not slashed headcount to tiny AI-powered teams.
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Depends on the bigco IMO. I'm not sure what kind of layoff numbers for Year Three of genAI would grab your attention, but I assure you, hundreds of thousands have mine.
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