It's closer to blockchain. Unprofitable companies are rushing to jam in something, anything in there so they have something to tell Wall St on the earnings call.
Companies were rushing to VR/metaverse as well. I think we can just accept that any new shiny piece of tech will attract an army of grifters trying to capitalize on it and those comparisons won't tell you too much about the tech itself. Fwiw I've seen a lot more LLM demos that made me go "this idea can probably work and be used by millions" than those for VR or blockchain.