The future is both incredible and scary because of the potential benefits but extreme risks that we are going to experience.

The benefits for the large part will be attractive to us, but not benefit us on average in the longrun. It will just further empower the corporations and make governments even more beholden to their control. Which I think leads to the sovereignty problem at an increasing rate.

Yes, I think they thought it back then too - but human thought wasn't replaced in the 1800s. Even if the AI stays less intelligent than the top 20%, what do the other 80% do?