From my perspective, there are few things that are hitting at the same time.
One, the FAANGs have been captured by MBA types, not computer scientists, so they do not have the background to carefully gauge what is and is not technically possible. Given that the C Suite is invested, are you as a middle manager going to speak up. When you have people, even Musk, claiming that X will be possible in Y years, I discount it. Even Hinton isn't close to the tools here.
Two, there are areas that they seem to have genuine use. Boilerplate email generators, musicians, graphic designers, and visual effects people should watch their back. Professors who merely add problems from another textbook than the assigned one are likely also in trouble. Maybe things like logic programming or unit tests, not sure, but those seem harder to mess up.
Three, we are seeing what happens when a statistical engine, and not a logic engine run amok. If you add non relevant information or change the order of elements, AFAIK, these tools cannot incorporate the change in information. So I think that their usefulness as a teaching tool is also overstated. If we ever get an engine that can explain it's choices, well, that is also a difference.
Lastly, tech is really looking for a genuinely transformational technology. They arguably haven't had a real hit since cloud computing. Maybe since the iPhone. Their last few attempts have run into the difficulty that the universe may be harder to model inside a silicon box than is worth it (self driving cars, cryptocurrency, video game streaming), and if they have to go from never ending growth companies to large S&P 500 companies that have to compete... well... things will be different. Especially compensation for medium talent software engineers.
However: Deepmind seems like they are 50 years in the future for all of this, so if someone there says I'm wrong about any of this, listen to them and not me.