• Generative AI peaked in inflated expectations with Gartner's Hype Cycle 2023.
• Inflated expectations for generative AI are undeniable.
• Many are confused about the differences between generative AI and other artificial intelligence methods.
• There are a lot of Generative AI products on the market.
• The next stage of the cycle is a period of frustration due to competition.
• The long-term benefits of generative AI for businesses and society remain controversial.
• Mainstream adoption of generative AI could lead to increased productivity and clearer vendor evaluation criteria.