I agree with your second and third paragraphs, but I encourage you to realize that AI does not exist--not in the form you're implying by predicting transformative technology. AI has not made a meaningful impact in nearly anyone's lives, let alone a transformative impact; instead, it's just the latest VC money sink, hype train, bubble, or whatever you want to call it. The West is a great place to live not because of AI but because of consistency of experience (e.g., first-world infrastructure for the most part) and higher quality of life, "AI" or no AI.