How long until we see blockbuster movies produced by a guy in his basement for <$1000?
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AI is but a tool; if there is an artist using them, real art can be created, as with any other tool.
So far, Ai generated videos, and arguably photos seem to only please wishful thinkers, or untalented artists dreaming to make it.
I don't imply the tech will never get to the tipping point, but it so far provides so little value we are either many years to go, or it just won't happen.
Let's be an optimist. It will eventually get there. I doubt for any of parallels you made billions of people hammered daily by overblown posts about the upcoming revolution.
The reasons for critiques have a lot to do with promotion fatigue. Hyperboles eventually exhaust their impact.