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"AI" is great.
Generative AI is a scam.
The best thing I can say about Generative AI is that eventually the bubble will collapse.
How do you differentiate AI and Generative AI?
Do you mean Generative Pre-trained Transformers (GPT) as in what we see with large language models?
The investment bubble may collapse on them, but the usage isn't going anywhere but up. I don't know why you think it's some sort of scam. If it was such a scam, companies that have been using it for two years already would be throwing it in the trash and instead they're buying up more capacity.
I have legitimate business use cases for it today, and my company can't get hands on hardware or even available compute from the big players because it's in such high demand.
It used to be that most of the compute was going to training models, but that hasn't been the case for a year now. The majority (and it's increasing fast) is inference at this point and while it doesn't live up to the "It will do your entire job and get you fired" it's definitely useful in many situations.
Historically, AI is an umbrella term for anything and everything around using machines to make decisions. Spam detection, video game adversaries, explosive detection, and the old Xbox Kinect are all different things that have used artificial intelligence for 10+ years before GenAI became practical.
If you're interested in learning more, all this stuff falls under the umbrella of "machine learning".