I think people talk a lot about intelligence without having a mutually agreed-upon definition for it. Now that hundreds of billions are on the line, trillions even, there's so much silt in the water than you can hardly see. Personally I'm on the "I have no idea" bandwagon, I think people are grossly overeager to express confident opinions no should be comfortable with.
BUT what I can tell you without any hesitation is what we have in ML systems, whatever you choose to refer to them as, are grossly misunderstood by most here and elsewhere. Most people lack an intuition for statistics, for what happens when you have really large numbers to work with. When you pair our natural arrogance and self-love to the mix it's a disaster. "It looks a little like us" is enough to make us love something, from cute little animals with neonate features to people who look more like our families. "It talks like us so it's like us under the hood," is another easy trap to fall into.
But this is all irrelevant, because we're literally watching the early stages of the air leaving this bubble. The tech will survive, most of these companies and business models, planned data center, will not. The Overton Window will snap shut on people who talk about AI like they live in a sci-fi novel. I for one look forward to seeing it happen, just as I did with the fall from grace of Elon Musk years after he should have fallen, or the fall of Crypto, or NFT's, or a dozen other fads that take this place and others like it by storm.