Yes AI may cause job loss, more inequality in the short term.

But if there is anything humanity has shown is that we can deal with disruptive progress.

We may need to resettle but over the longer term every disruptive innovation so far has lead to an increase in wellbeing for the whole of humanity.

(That does not resolve the danger of AI itself ‘going rogue’ or a single lunatic developing a bioweapon, but those things are much less likely to occur than the level of media attention would suggest.)