I'm not an expert by any stretch but this notion that AI is far off and its just algorithms or if-thens shows a lack of understanding of where this technology is. Machines learn like humans. That is how those two systems started talking to each other in a language the programmers didn't understand.
In my opinion, you should be afraid and here's why. AI is getting weaponized. We have no idea where this is going. Technology is moving faster that ethics.
Don't get me wrong. Cognitive computing is the future for sure. I have some experience in the field of cognitive computing and am working on projects that will be using AI. The potential for extending human cognition is amazing. Unfortunately, there is a lot of potential for bad things to happen. Watch Black Mirror on Netflix - the Metalhead episode with the robotic dogs. Watch the movie Ex Machina. I'm afraid we are moving perilously close to this type of machinery. I'm just saying... watch out. Scary stuff is right around the corner.