Just like with every previous AI boom/winter cycle

1) you get an amazing demo that blows everybody's nips off after working in obscurity for many years.

2) everyone thinks that, because they just learned about the current state of the art it must have just been invented, and draws a mental line to AGI with a slope based on assumed rather than actual rate of progress

3) the grifters at the top capitalize on the hype to kite a whole bunch of cheques.

4) 18-24 months of everyone paying attention to every little micro advancement makes people realize that progress is actually as slow as it's ever been

5) welcome to the next AI winter.