Leaving aside the semantics of what is "real" - yes, that is the point, that is why the article exists. "Is A.I. The Death of Gravity" is a nonsense question, "Is A.I. the Death of I.P." is not, precisely because humans get to decide the answer. We have developed certain norms and institutions over hundreds of years and now we must decide whether to scrap them in the name of technological progress. How we decide the question will have huge implications for how wealth and power are distributed in our society.