These jokes reflect two issues. The first is that it's not totally apparent that human intelligence itself is actually more than 'a bunch of IF statements', of a few different kinds and at very large scale, at least at a conceptual level. But the second is that this movement from magic to banality is a feature of all technology and all computing, and doesn't mean that it's not working but that it is.
By any standard, the computing power we have today would have been considered magic just a few years ago. I wonder how long it will be until VR and AR are as much a part of our day to day lives as smartphones and cloud storage?
The rest of Benedict's piece is fascinating, I highly encourage a read for anyone interested in technology and where this crazy world is heading.