It can be very useful and powerful and also be a bubble. See: dot-com bubble. It reminds me a lot of that.
> The .com bubble was the belief that if you took your mid-ass business to the internet, you would instantly become rich. That is what popped.
And currently there's a belief in the market that if you just add AI to it it's going to the moon. I don't see how there's a difference here.