There is a lot of froth, as in any hot field. However, unlike before, there are many cases where AI actually works now. Some perceptual tasks work better than a human, in fact. We can quibble about the naming and whatnot, but that's not something you can say about the last AI winter. It's sort of like dotcom bust of 00, sure things imploded back then, but there's no sign whatsoever e-commerce will implode at any time in the future because unlike before it actually works this time.