Today's state-of-the-art AI systems are the equivalent of late 1970s personal computers: bulky and expensive, but wildly more powerful than what came before. And look what happened: tech improved by orders of magnitude, and eventually computers were tiny and cheap.

I predict the same will happen with AI: certainly the latest and greatest will still command a steep price (yes, supercomputers are still a thing) but for most people who just need something reasonably fast and powerful, cheap (or free) AI will do the trick, especially when run locally.

So no, the aristocracy won't have a lock on the technology because tech is always being democratized. Until arbitrary computation itself is outlawed (and yes, I know, governments and industry are always inching us closer to that), we'll be ok.