Well Hype cycle is real. We really tend to overestimate the impact of the stuff in the short period of time and underestimate in long run.

Let say we have a boost in AI starting in like 2012-2014. Right now lot’s of organizations are actively using AI in one way or another.

Very little number of companies will use Dalle or ChatGPT in next year but in ten years those models will probably be a commodity used by most companies.

In terms of singularity - I believe it is too optimistic to think that we will achieve it in 2 or 3 years. However there are chances with advancements in AI as well as quantum computing that we will see it in this century.