Yes it needs to improve and also probably we need to discover the limits. The way it is bullshiting rn is quite dangerous.
Some of the stuff it does in with media is "gamechanging" and it clearly gets better fast. Not a good news for many artists that found a way how to turn their passion into a living though.
But it also really helps with robotics (from what I have seen), this will enable a new level of automation that will make a lot of manufacturing jobs obsolete.