The difference is that electricity wasn't being controlled by oligarchs that want to shape society so they become more rich while pillaging the planet and hurting/killing real human beings.

I'd be more trusting of LLM companies if they were all workplace democracies, not really a big fan of the centrally planned monarchies that seem to be most US corporations.

While I’m on your side electricity was (is?) controlled by oligarchs whose only goal was to become richer. It’s the same type of people that now build AI companies

Heard of Carnegie? He controlled coal when it was the main fuel used for heating and electricity.

Its main distinction from previous forms of automation is its ability to apply reasoning to processes and its potential to operate almost entirely without supervision, and also to be retasked with trivial effort. Conventional automation requires huge investments in a very specific process. Widespread automation will allow highly automated organizations to pivot or repurpose overnight.

I mean your description sounds a lot like the early history of large industrialization of electricity. Lots of questionable safety and labor practices, proprietary systems, misinformation, doing absolutely terrible things to the environment to fuel this demand, massive monopolies, etc.