I also lived a life in tech and in my opinion we are just at the beginning of an AI revolution. Humanity has some big problems that AI will help to solve:Curing of Diseases, Energy Production, Food Production will all be improved with AI and AI still is still just a baby. That being said, AI can also be very dangerous thing and should not be let off the leash (no to anything like a skynet or weapons and systems that are totally autonomous). And with all tech I think we have to be careful on being too dependent on it.
I have lived in tech since my first course in computer programming in 1961. I have worked for 40+ years developing expert systems to design and manufacture custom engineered machinery. I have seen it all and observed the tech bubbles first hand. My bet is very few outfits will survive the AI bubble burst in 5 years, 7 years max. Same as color TV bubble, internet stocks bubble, silver bubble, real-estate bubble, oil bubble, famous stock bubble in roaring 20’s, land bubbleand the most famous tulip bulbs bubble.