I imagine kids in the 90s thought of the internet as a magic tool that would revolutionize society, 'defeat' all the big businesses and industries, and other such naive notions. Now Google/Facebook = big businesses, and society has gotten better overall but no magical revolution.

I think the same thing would probably come of the 'AI singularity-never have to work again' hype - mainly businesses utilizing AI for better ads, with a marginal increase in quality of life.