The two are qualitatively different.
I agree with you that there is significantly more there there with AI, but I agree with the parent that the hype cycles are essentially indistinguishable.
Even now, as we have fully capable conversational models we don't really have any great immediate applications. Our efforts at making them "think" is yielding marginal returns.
I mean, AI the tech can be spectacular and the hype can be overblown, right? I'm not even sure that the hype is overblown, but it sure feels like the kind of hype that we'll say, a few years from now, was overblown.