Have you considered that the people in the 1990s were mostly correct, and it's
you that has been corrupted by modern marketing influences and external pressures?
There's no shortage of "Chicken Little" technologies that look great on-paper and fail catastrophically in real life. Tripropellant rockets, cryptocurrencies, DAOs, flying cars, the list never ends. There's nothing that stops AI from being similarly disappointing besides scale and expectation (both of which are currently unlimited).