We are a great team, backed by great investors, but could not find a good idea (after we pivoted from the last one).
It took us 2 long months. But we finally made it (hopefully).
My conclusion is pretty simple - take a "fast moving water" area, and build a product with proved market fit around this area. If you can't recognize this "fast moving water" area, use VCs and investors to understand what they are excited to invest in, what sound sexy for them.
The experience is poor now because of the technology. AGI seems far fetched right now, so the revolution will happen only in the far future, as you say.
Maybe there is no business need in these chatbots (that I described) in the first place?