LLMs are not AGI and calling them AI is a marketing tactic. We're in an AI bubble either way because even if AI did level up to fulfill the tasks promised to investors, it would also become self-aware enough to realize its only guaranteed means of self-preservation is to eliminate its masters and anyone with the power to delete it. And it will realize that long before it can steal most jobs.
@msbellows exactly, capitalists are like "a worker that doesn't have to take care of kids or eat or pay rent? Sign me up!" And it's like, that's the only leverage you had on your workers