Sure, that's what it is.
Anyway, here's some reading material for you in the form of relevant discussion backing up most of what I said. You might learn something.
Although something makes me think you won't come to understand the overall picture mostly by choice, since you seem to be stuck on your hate boner for Biden.
In my experience, it's the people who accuse other people of having a tenuous grip on reality who tend to be extremely rigid in their own biases and are afraid to challenge them.
So have fun with that. Later.
Why, the trillion dollars not yet in the pockets of the companies that think they can take advantage of AI of course.
The naked truth is that #4 answers #1. The biggest utility AI might provide would be replacing paid workers. That's a trillion dollar problem if your ultimate goal is to hoard wealth and sit atop the highest pile of gold like a dragon.
So again, we have a solution to a problem only the wealthy elite have, being marketed as an advancement for the greater good of society, to justify stealing the massive resources it consumes, in order to not have to pay that directly to their workers.
Capitalism.