A bunch of vague nonsense, par for the course around the current hysteria of AI.

Nobody at the head of these large tech firms has a clue about where this technology is heading.

I think they all know where it is heading and it is massively less money for everyone. Every technical breakthrough doesn't mean more profit for everyone and nor should it. Sometimes it's just a dishwasher or washing machine, something that frees up the bulk of humanity from something that is drudgery. Whether we actually get those benefits from AI remains to be seen.