It is kind of terrible either way, I feel.
We're making enormous investments, that require enormous profits to justify this. And it's not just big bad rich people doing this, I shudder to think what the exposure of my pension portfolio is to this stuff.
So either there will be no enormous returns, big flop, big recession. Probably terrible for tech workers, because it is our employers who are most exposed.
Or it will make enormous profits. But how? By replacing humans. If it is really worth all this money, then surely the owners of this stuff will suddenly own all the intellectual productivity in the world. And I have a feeling they won't really share it with the "share" holders.
This is the the underlying reason why AI is unpopular. In a vacuum the tech is neat, but if you change the names and ignore all merit then this looks like a hostile takeover.