It could go either way. From Charles Hugh Smith at oftwominds.com:
Yes, AI is a catalyst. But for what is not yet knowable.
The current narrative holds that the big problem we need to solve is conjuring up cheap energy to power AI data centers. Fortunately for us, the solutions are at hand: building modular nuclear power plants at scale and tapping North America’s vast reserves of cheap natural gas.
Problem solved! With cheap energy to power all the AI data centers, we’re on a trajectory of fantastic growth of all the good things in life.
Let’s consider the implicit assumptions buried in this narrative.
1. The unspoken assumption here is AI will solve all our problems because it’s “smart.” But this assumes the problems are intellectual puzzles rather than self-reinforcing, self-destructive structures fueled by corruption and perverse incentives embedded in the system itself.
2. The assumption is that if we replace human workers with apps and robots, that will automatically generate Utopia. But this is based on a series of baseless, pie-in-the-sky assumptions about human nature and the nature of social and economic structures.
3. The assumption is that being “entertained” by staring at screens all day is the foundation of human fulfillment and happiness, and so getting rid of human work will usher in Nirvana. The reality is humans are hard-wired to find fulfillment in purposeful, meaningful work that is valued by others. Staring at “entertainment” on screens all day isn’t fulfillment, it’s deranging and depressing.