It is definitely here to stay, but the hype of AGI being just around the corner is definitely not believable. And a lot of the billions being invested in AI will never return a profit.
AI is already a commodity. People will be paying $10/month at max for general AI. Whether Gemini, Apple Intelligence, Llama, ChatGPT, copilot or Deepseek. People will just have one cheap plan that covers anything an ordinary person would need. Most people might even limit themselves to free plans supported by advertisements.
These companies aren't going to be able to extract revenues in the $20-$100/month from the general population, which is what they need to recoup their investments.
Specialized implementations for law firms, medical field, etc will be able to charge more per seat, but their user base will be small. And even they will face stiff competition.
I do believe AI can mostly solve quite a few of the problems of an aging society, by making the smaller pool of workers significantly more productive. But it will not be able to fully replace humans any time soon.
It's kinda like email or the web. You can make money using these technologies, but by itself it's not a big money maker.
I am not convinced it would, TBH.
If people don't want to buy the cars, then the production line will eventually have to stop, permanently. And you get zero compensation for lost revenue.
If a production line is hit and has to close, then insurance will compensate part of the damage and after a few days or weeks you can be up and running again.