My response on this is Yes and No.

Yes because the same way you find it useful for summarizing huge bureaucratic documents, someone find it useful for something different as well. It's a general tool.

No because it a new technology we're still trying to learn and adjust to, but it going so fast that most of us can't keep up. It's a scary turbulence yeah, we hope to get to stable postures with better regulations and adequate usage guidelines.

We are in the most disruptive moments of it and every impactful technology does that. It mostly how we as human, collectively act toward the growth of those new opportunities that create issues and bubbles.

For reference, the grid was as much dangerous at a time it was invented and expending; we find it normal nowadays.

The point is: We need to level up our adjustment abilities and regulate the human's doing towards the technology. At the end, it's not the tech, it's human greed the source of most issue we worry about.