I’d think a very old and advanced Alien civilization might find the emergence of a new technological civilization on another planet very interesting and worth observing. A good analogy would be a team of anthropologists observing a very primitive tribe who has never come in contact with technological civilization. As much we consider ourselves “advanced”, we may still be laughably primitive compared to them. They may even seed our world with their (very) obsolete technology just as an experiment to see what we do with it.
So my guess is that we are of academic interest to them, as long as we stay below the stage that they consider to be “threating”. Which may be a good thing as who knows what they we do if we ever became a genuine “threat”.