Given the OpenAI initiative and the explicit intention of "democratizing" AI, it seems they're interested in funding application, not more research.
I think the results seen from deep learning along with recent developments in commodity hardware(GPUs have made major leaps in the past two years) to run them in a reasonable amount of time has kicked off a frenzy. IMO it does seem a little overhyped in the same way the internet was -- its a tool that enables ideas beyond our imagination, so VCs throw money at companies on a dart board hoping one takes off. In the end, the internet was a revolution but it wasn't as quick as everyone thought.
TL;DR - AI is becoming a tool that can be used by anyone.
I think the results seen from deep learning along with recent developments in commodity hardware(GPUs have made major leaps in the past two years) to run them in a reasonable amount of time has kicked off a frenzy. IMO it does seem a little overhyped in the same way the internet was -- its a tool that enables ideas beyond our imagination, so VCs throw money at companies on a dart board hoping one takes off. In the end, the internet was a revolution but it wasn't as quick as everyone thought.
TL;DR - AI is becoming a tool that can be used by anyone.