If most people are unemployed, modern capitalism as we know it will collapse. I'm not sure that's in the interests of the billionaires. Perhaps some kind of a social safety net will be implemented.
But I do agree, there is no reason to be enthusiastic about any progress in AI, when the goal is simply automating people's jobs away.
But I do agree, there is no reason to be enthusiastic about any progress in AI, when the goal is simply automating people's jobs away.