Yes and no. AI (the ideal) is labor replacement, similar to the first industrial machines. But instead of manual labor, it is replacing cognitive labor. Under capitalism, when profit is always the end game, labor saving tech will not be used to liberate, but to further exploit the people and rape our planet. This is no different, I think. Usually this kind of capital is held mostly in the hands of one class of people, but this tech is unique in that it has the ability to, once trained, be copied and iterated on by others. Open source, or eventually hacked. Software yearns to be free, in the sense that it can be copied easily. Point is, control over the development and distribution of AI is so difficult that even the "common sense" right* end up feeling betrayed. It mainly benefits the far right and the oligarchic class.

For now, it is not the ideal. But the intentions of the most powerful people seem to continue to race towards unregulated, privately controlled AI. They talk of slowing down, but I don't have my hopes up after everything that's happened.