What most people call AI is Large Language Models (LLMs), which do some incredible things.  LLMs are much more useful than anyone would have expected them to be even ten short years ago.

That said, LLM technology has a few huge deficiencies and we're pivoting as an industry.  LLMs need grounding using world models and an understanding of concepts.

Watch for the rise of Large Concepts Models to replace or more likely to work in tandem with Large Language Models.

That's the next step.