What will happen to AI is boring old capitalism. Its staying power will come in the form of replacing competent, expensive humans with crappy, cheap robots. LLMs are a pretty good advance over Markov chains, and stable diffusion can generate images which are only somewhat uncanny with sufficient manipulation of the prompt. Mediocre programmers will use GitHub Copilot to write trivial code and boilerplate for them (trivial code is tautologically uninteresting), and ML will probably remain useful for writing cover letters for you. Self-driving cars might show up Any Day Now™, which is going to be great for sci-fi enthusiasts and technocrats, but much worse in every respect than, say, building more trains.
The biggest lasting changes from machine learning will be more like the following:
A reduction in the labor force for skilled creative work
The complete elimination of humans in customer-support roles
More convincing spam and phishing content, more scalable scams
SEO hacking content farms dominating search results
Book farms (both eBooks and paper) flooding the market
AI-generated content overwhelming social media
Widespread propaganda and astroturfing, both in politics and advertising
The US military is testing out AI-controlled drones, which aren’t going to be self-aware but will scale up human errors (or human malice) until innocent people are killed.
AI will stop advancing, it's been a whole 9 months and clearly there are no more impressive breakthroughs coming, we should only worry about what's already possible with the tech we have
Self-driving cars might show up Any Day Now™, which is going to be great for sci-fi enthusiasts and technocrats, but much worse in every respect than, say, building more trains.