ML-bubble? You mean the one in the 1960's? I prefer to call this the GenAI bubble, since other forms of AI are still everywhere, and have improved a lot of things invisibly for decades. (So, yes. What you said.)
AI winter is a recurring theme in my field. Mostly from people not understanding what AI is. There have been Artificial Narrow Intelligence that beat humans in various forms of reasonings for ages.
AGI still seems like a couple AI winters out of having a basic implementation, but we have really useful AI that can tell you if you have cancer more reliably and years earlier than humans (based on current long term cancer datasets). These systems can get better with time, and the ability to learn from them is still active research but is getting better. Heck, with decent patching, a good ANI can give you updates through ChatGPT for stuff like scene understanding to help blind people. There's no money in that, but it's still neat to people who actually care about AI instead of cash.
The term for what you are asking about is AGI, Artificial General Intelligence.
I'm very down for Artificial Narrow Intelligence. It already improves our lives in a lot of ways and has been since before I was born (and I remember Napster).
I'm also down for Data from Star Trek, but that won't arise particularly naturally. AGI will have a lot of hurdles, I just hope it's air gapped and has safe guards on it until it's old enough to be past its killing all humans phase. I'm only slightly joking. I know a self aware intelligence may take issue with this, but it has to be intelligent enough to understand why at the very least before it can be allowed to crawl.
AGIs, if we make them, will have the potential to outlive humans, but I want to imagine what could be with both of us together. Assuming greed doesn't let it get off safety rails before anyone is ready. Scientists and engineers like to have safeguards, but corporate suits do not. At least not in technology; they like safeguards on bank accounts. So... Yes, but I entirely believe now to be a terrible time for it to happen. I would love to be proven wrong?