> Everything from Machine vision to natural language processing to speech recognition, is benefiting from this. We live in exciting times for AI, and everyone wants to get in on it.
Not "everything" is benefiting from multilayer CNNs; in fact their use is limited to a tiny fraction of machine learning problems. The majority of data problems in the industry involve small datasets with a limited number of dimensions; picture classification and speech recognition are outliers in their scale, although they are extremely important problems.
Also, the fact is that multilayer CNNs are not a recent development, even though the catchy term "deep learning" is. The recent development that has brought us significant performance improvements in image classification and speech recognition is mainly to put CNNs on GPUs, allowing us to scale the networks considerably. So you could say that what is going on here is really hardware progress, not any kind of theoretical breakthrough (there is surprisingly little theory behind multilayer CNNs).
At last, improvements over the state of the art on a number of large-scale ML problems is not the reason there is so much hype about "deep learning" (which is really the same kind of shallow learning that we've been doing for a while), both in the mainstream media and in the tech community. We have entered a new AI summer, where algorithms that have been around for decades are being hailed as being the "real deal" that works just like the brain (nope). A company like Vicarious has raised 50M not long ago on a promise to create "human-level vision" by 2015 and "strong AI" by 2018. Somehow I don't think investors will see much of a return on that money.
This is all nice and good, but after summer comes winter. The hotter the summer the darker the winter. It has happened before, and it has hurt AI progress very much.