I disagree with labeling AI to be a cargo cult. Crypto fits the description but the definition of a cargo cult has to imply some sort of ultimate end in which its follower's expectations are drastically reduced.

What AI feels like is the early days of the internet. We've seen the dot com bubble but we ultimately live in the internet age. There is no doubt that post-AI bubble will be very much AI orientated.

This is very different from crypto which isn't by any measure a technological leap rather more than a crowd frenzy aimed at self-enrichment via ponzi mechanisms.