No, given that so far, AI has only been used as a mechanism to herd the population. AI will increase the productivity of labor. So far, AI is not being employed in ways that will accomplish that, outside of freeing up human capital to be used in other capacities.
To be of value over all, AI must be used to produce something for which there is demand for. Reaching the point of technology overkill is a distinct possibility. If that is the case, those who have invested in it are out on a limb

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