I only linked to the xception paper because it mentions JFT. It's not state of the art for large scale recognition.
For example, humans can identify a monkey riding a Segway on the airport runway, but there probably is no such thing in the training set, even if it is quite large. The neural net might not know if that constitutes a "riding" action because it has never seen such a combination. Maybe the monkey is jumping over the thing and the picture shows it in proximity to it, not riding it - a human would know that a slight gap means there is no riding taking place.
Then, the even harder problem is to predict the consequences of actions on objects and just to physically simulate the scene. Such knowledge is useful in robot action planning. Beyond computer vision, there is also a need to create a "mental simulator" that has theory of mind and can simulate other agents (what humans intend), and we need simulators, both physical and mental to create the next level of AI.
Further, nearly every time a computer recently has been trained to do some very nuanced classification, such as in radiology, they exceed human expert performance.
(Outside of classification, computers are rapidly making progress - for instance they are getting surprisingly good at predicting the next few frames of a video, which requires a lot of "world knowledge" to do correctly.)
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