The narrative implies GAI. It's looking increasingly impossible. Nearly a decade of trying to improve on the concept of neural nets. Utter failure. Now we're running up on both the limits of training data (not much more to slurp) and physical laws (miniaturization has a threshold beyond which it cannot go, and we're getting there).

So, at least in the medium term, AI is going to stall out at approximately where it is now: good at predicting the next word token.