Given that this is the case, why can't this be analogously true of “AI” as well? There's plenty of reason to believe that we're hitting a wall, such that, to progress further, said wall must be overcome by means of one or more breakthroughs.
Anything that has more memory and adequate compute will win the coming AI wars.
At the rate at which power consumption is growing now that the shortage of current gen cards has started to work itself out people are realizing they need a fleet of nuclear reactors to keep the data centers running. This is not something that's getting fix with the coming generation, if anything it's worse.
If you look at the Wikipedia article 'History of artificial intelligence' for now it has 'AI boom' and '2004 Nobel Prizes' but everything earlier is kind of meh.
I remember sitting down with pen and paper to try to write a ChatGPT type chatbot 44 years ago and of course totally failing to get anywhere, but I've followed the goings on since and this is the first time this stuff is working well.
And yes of course hallucinations are a huge problem for most of these use cases, but they aren't stopping people from using them anyway. We have a new misinformation problem and it has no agenda. It's basically just white noise.
So my money is also on this changing the world dramatically, just not in the in uniformly positive way that the hype said it will.