I still think there is a high probability the whole bubble will burst explosively by the end up the summer. We've seen an unprecedented self-reinforcing wave of hype and commensurately inflated expectations. When it falls apart, it's going to fall hard. I'm not saying there's nothing to the tech, just that expectation have become so inflated that whatever new developments actually happen will never he able to keep up. I'm still betting on AI winter (with a long fall driven by inertia in governments and big institutions that didn't get the memo). This is going to be a highly exaggerated version of what we've seen with blockchain (edit: with the qualifier that while blockchain will go to zero unless someone finds a use for it, ML will settle to its nonzero real utility)