In other words, it's taken a highly enjoyable and lucrative vocation from vast swathes of workers - a lot of which make up this sites audience! - and instead concentrated more productive power in the hands of a few megacorps.
You gave your own example for the doom and gloom.
It has made it far more accessible to a lot more people. Being “highly enjoyable” and “lucrative” is why people try to gatekeep it.
The fact that the means of this capability is in a few hands does suck. But I’m increasingly optimistic that it’s going to be commoditized through open weight models and performance improvements. There is enormous demand for innovations on these fronts.