I have studied and worked with ML/Ai quite a bit the last 2-3 years, and I can tell you, we have nothing to worry about. Sure, there might be a few people losing their jobs, or whatever, but the technology has pretty much peaked for now.
ML/Ai will continue to improve slightly over time, but all of the big breakthroughs are probably behind us.
This is mainly because the algorithms and models that have been developed the last 3-5 years are sooo incredibly great, there is simply little room for improvement.
Although, who knows, we might be surprised
.
The more likely scenario is another Ai Winter, when investors realize this and funding dries up.
AI winter - Wikipedia