There is a machine learning bubble, but the technology is here to stay. Once the bubble pops, the world will be changed by machine learning. But it will probably be crappier, not better.
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.
AI is defined by aggressive capitalism. The hype bubble has been engineered by investors and capitalists dumping money into it, and the returns they expect on that investment are going to come out of your pocket. The singularity is not coming, but the most realistic promises of AI are going to make the world worse. The AI revolution is here, and I don’t really like it.
That seems to be the theme of the era.
Yes, it is incompatible with the status quo. That’s a good thing. The status quo is unsustainable. The status quo is on course to kill us all.
The only real danger AI brings is it will let our current corrupt leaders and corrupt institutions be more efficient in their corruption. The problem there is not the AI; it’s the corruption.
Improving human efficiency is essentially the purpose of technology after all. Any new invention will generally have this effect.