I mean this is just the logical end game. The company/ies that control the uber mind will devour ALL useful or valuable work. Unlimited intelligence at unlimited scale means the value of humans for knowledge work goes to zero. We will eventually not have meaningful access to the uberminds because we will be pointless. At which point our Silicon Valley luminaries will really have no choice but to extinguish as many of us as possible for the greater good. After all if we are all pointless then that has to be weighed against are cost to Mother Earth. Clearly the only moral solution is to cull or allow to be culled some 98% or so down to a more sustainable, manageable population of curiosities. The end game of ai is the remnants of humanity in a zoo, and that’s if humans control the outcome… the machine minds might be more charitable as they would be less afraid…

Fortunately, there's plenty of competition between AI labs. Not all of them are even in Silicon Valley.