> And competitors who _didn't_ jump on the AI bandwagon, but instead kept grinding with a strong focus on quality will eat their lunches.

If the banking industry is any clue they'll get bailout from the government to prevent a "systemic collapse". There is a reason "everyone" is doing it especially with these governments. You get to be cool, you don't risk of missing out and if it blows, you let it blow on the tax payer expense. The only real risk for this system is China because they can now out compete the US industries.