[throwawayAI]

All current use cases of AI are still very narrow and very expensive to create. There is still very long way to go between "godlike pattern recognition" to "abstract logical reasoning". All current impressive use cases of AI simply brute-forced all possibilities beforehand, reducing search space by pattern recognition. Unless we start to see some early signs of "abstract logical reasoning" there is no point in fear-mongering. No one knows whether we will get there in 5 years of 50 years.

Reason for throwaway: I heard an opinion that Elon missed the boat on current form of narrow AI, and by fear-mongering he tries to curb other players down (e.g. Waymo) before his companies have time to catch up. I don't have any evidence to back it up, but it makes a lot of sense when I think about it.