It's not useless as a term but AI has become a catchall for anxiety about the future.

I'll add another set of concerns you see in these discussions.

People know that the current version of predatory Capitalism we've created so far would happily mass unemploy everyone (possibly all the white collar workers reading this much sooner then you think). This would leave no workers and no consumers with money outside of the ultrawealthy.

I agree. I don't trust the current version of capitalism to program these AI of the future. I think they will burn the house down in their greed.