The fact that none of these "AI" companies are making any profit whatsoever and are being kept afloat by having their debt traded and burning through investor funding means that something is going to give.
It reminds me very much of the dot com bubble. Everyone wanted in on it, but the vast majority of players were making nothing but enormous losses.
There are some useful avenues for "AI" - we run the high performance computing facility for an English university and there are definite, specific workloads that can benefit.
But the way it is currently being sold as a universal panacea and touted as the saviour (or destroyer) of mankind? Crazy, absolutely crazy.
My collection database and technical wiki:
https://www.target-earth.net