The issue is SNR: signal to noise ratio. Generating exponentially more mathematics, particularly if the process is indiscriminate or optimized for something other than usefulness or mathematical relevance (such as optimizing for machine-provability), does not imply that we get exponentially more applications. We may end up halting the progress of applications altogether as the entire capacity of the world's mathematical apparatus is consumed by the interpretation and investigation of machine-generated proofs.
You can already visit arXiv and find vast numbers of not-yet-published mathematical papers. Most should never be published. None of this junk is benefitting humanity in the slightest.