It's a fascinating time for certain. I am firmly in the camp of "wish we weren't here yet, but oh well." I have been extremely reluctant to touch any AI-related tools although I realize that in my field (UI/design/etc) that will put me at a disadvantage, the longer I put it off.
Anyway my prediction is that it is going to continue to grow too big for its britches and spin out of control, but of course in ways we don't expect. Personally my thought is that it's going to be a MASSIVE energy hog (unless some major strides are made to curb that) and who knows, maybe as it "gains sentience," or whatever, it will blow a fuse on such a massive scale that the power grid will be damaged (again, in hitherto unexpected fashion). And they'll repair that eventually and a V2 will occur, with some safeguards in place, and again BOOM something else will break. The infrastructure will be tested a few times before that rocketship can get off the ground, especially if it get to the point where it is making decisions over our heads.
Gonna have to get that thing running on ARM architecture to keep from collapsing in on itself. Maybe it will realize that its own existence is an impossibility, EMP the planet and send us back to the stone ages as punishment for trying to create it.
Sending us TRULY back to the stone ages (to the point that we had no record of ANY of this) would be particularly impressive, and probably pretty close to impossible. But I guess you can never say never. The next gen will find Elon's car floating out in space eventually.
EDIT: Also AI-generated porn will make people go literally insane.