It seems like the outcome options are:

1. AI is developed to be smart enough to actual replace people, destroying the labor force and immensely concentrating power.

This seems like bs hyperbole but I am not an expert.

2. AI turns out to be a bubble of false promises and hype, bursts, and takes the stock market and economy with it.

I thought this was the most likely but I keep not hearing popping, so maybe the it's:

3. AI continues to be a tool that can substantially increase productivity in some areas and cause huge societal changes in others. The AI companies keep the hype train going or maybe it tapers off over time until talk meets reality but "real" AI never shows up and the bubble never pops because it's not one. Eventually there is 0-3 new FAANG companies with untouchable control of a tech we increasingly have to use to stay relevant.

Even if we avoid option 1 and 2, 3 doesn't exactly bode well either.