Congratulations, you've just covered how the Computer / Tech Industry has worked since mainframes were invented. It's a constant cycle of $NewThing that almost works, desperate effort by a lot of companies to make it work right / better, market cornering, BoomTime for a lucky few companies, then someone figures out how to do it cheaper or re-focus the market on something slightly different, then BustTime.

You forgot to throw a couple bailouts in there and some regulatory capture mandating AI slop in you cars or something for "safety."