If you speak with AI researchers, they all seem reasonable in their expectations.
... but I work with non-technical business people across industries and their expectations are NOT reasonable. They expect ChatGPT to do their entire job for $20/month and hire, plan, budget accordingly.
12 months later, when things don't work out, their response to AI goes to the other end of the spectrum -- anger, avoidance, suspicion of new products, etc.
Enough failures and you have slowing revenue growth. I think if companies see lower revenue growth (not even drops!), investors will get very very nervous and we can see a drop in valuations, share prices, etc.