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Nobody's mentioning this but the reason is that when they say 'next big thing' what they mean is 'being able to monetize it and make it profitable'.
They care about usefulness only insofar as its a way to monetize it. It doesn't need to be useful at all. It's maybe a nice buzzword for on the PowerPoint slide when they're trying to convince investors.
But investors aren't idiots and they are usually pretty fucking tuned in to whatever they put money on. And ai is very oversold and overpromised. It's not that great, very difficult to get to do what you want, and very costly to operate, with mostly questionable/untrustworthy results that still require a lot of knowledge to be able to work with. Plus it's begging for a lot of new legislation to protect copyrights and privacy law. So, we need a bunch of idiots with money to make this work and those are usually in the large tech companies (think the bezos and musks of this world). They have the infrastructure and resources to put into it, and then they try to incorporate it into their ecosystem. They'll probably fuck everything up forever and probably make it so llm's and other models are going to have to be destroyed to be able to comply to legislation.
Anyone with a brain stays away from investing in this and maybe hedge it a bit. See what happens... I don't think that there's going to be other companies popping up in this space. But just the continuing progress of big tech streamlining their current systems until enough people are exposed to enough bullshit to change legislation. Depending on that, maybe some companies will be able to give us something useful like: An ai personal assistant that figured out in the middle of a conversation to put the appointment you made in the agenda, ordered a seat in the restaurant and reroutes you to a gasstation because you're low on fuel and messages your spouse you're 5 minutes late because of it. While your privacy is protected and your data secure.
In the meantime we can make pictures of cats in space wearing a clown costume.