It surely already caused some disruptions in many sectors, like entry-level coding, graphic design, music composing, or translation. But, at the same time, AI failed to perform according to expectations in many other areas.
It's similar to the dot-com bubble, where investors correctly predicted that the internet is the future, but expected too much too soon and got punished for their impatience.
People tend to misunderstand what AI really is. They often think that it's some sort of artificial brain, that can only get better and wiser, but the reality is it's just a statistical prediction engine, which has a lot of vulnerabilities and is susceptible to threats like data poisoning or a threat of new inputs being also AI-generated, which, if not resolved, could make it even less reliable over time.
AI has a huge impact on many sectors, making many people's jobs much easier, but I agree with you that it hasn't met expectations in some areas.
Sometimes, even with the best commands, it acts as if it doesn't understand you. I think it does this intentionally; the more detailed the commands we give, the more it improves itself.
Even though it's not meeting expectations right now, I'm sure that in 2-3 years it will be much more powerful and much more useful to us