Yes. If not it is already losing the hype it had a year ago.
> I've seen thousands of AI startups get funded, but barely find anything thats made its way into my daily life.
That is exactly the same problem once again. "thousands of AI startups get funded" is what creates the bubble for these startups relying only on VC cash until they run out and go bankrupt.
Only a minority of startups including the incumbent big tech companies will survive this hype cycle.