This is not a good analogy. The parameters of slot machines can be changed to make the casino lose money. Just because something is random, doesn't mean it is useless. If you get 7 good outputs out of 10 from an LLM, you can still use it for your benefit. The frequency of good outputs and how much babysitting it requires determine whether it is worth using or not. Humans make mistakes too, although way less often.
I didn’t say it’s useless.