It's not "out of touch" or rubbing everyone's noses in it or any of the other nonsense that people are talking about. It's got a pretty clear thesis: this is a revolutionary technology of a kind that many of us thought impossible even within this last decade; and it hasn't been fully defined what its use and shape will be for humanity; and then there's a note of optimism in it.
As far as I can tell this is a pretty decent commencement speech. It's not "disconnected from reality" or "living in a bubble" or "spiteful" or any of these other phrases that people are using.
A commencement speech has to address the elephant in the room: this present revolution. It has to exhort the students on to something: which this aims to do. And it has to present challenges in order to do so: this does that as well.