AI today is similar to the industrial revolution, but I think LLMs are like the first steam engines, filthy things barfing out massive amounts of waste and noise and pollution to do very little useful work. A brutal, rough proof of concept.
"Compute" itself, as an abstract resource, is the thing that's become increasingly valuable.
What we decide to compute can be as mundane as gaming, as wasteful as generating social media videos, or as important as solving proteins for medicine.