Maybe, maybe not. It's not unreasonable that these systems cap out at some point, or perhaps fizzle away entirely.

The businesses that create these systems are not profitable and run at a massive historical and go-forward loss.

New data centers required to operate these systems are facing increasing pushback at local levels. New construction is not guaranteed. Energy and power grid constraints exist as well.

Government regulation is way behind. What happens when (if) mass layoffs due to AI occur? How does the population react? Theoretically AI can be regulated out of significant progress, or outright existence for many purposes. At the end of the day, US and other prominent governments make the calls, not corporations.