This is an unnecessarily cynical view.
People are excited about AI because it's new powerful technology. They aren't "pandering" to anyone.
I have been in dozens of meetings over the past year where directors have told me to use AI to enable us to fire 100% of our contract staff.
I have been in meetings where my director has said that AI will enable us to shrink the team by 50%.
Every single one of my friends who do knowledge work has been told that AI is likely to make their job obsolete in the next few years, often by their bosses.
We have mortgages to pay and children to feed.
I have yet to meet anyone except managers be excited about LLM's or generative AI.
And the only people actually excited about the useful kinds of "AI", traditional machine learning, are researchers.
People are afraid because they need to work to eat. People who don't need to work to eat are less likely to be afraid.