Good assessment. The fear with AI is closely linked to the fear of destroying jobs, so I believe you're right.
I fear more powerful AI in the hands of other humans than I fear the AI itself. For example, I heard that your uncompleted searches on Google are cached and can be used in court against you. Is this true? I couldn't find anything online.
I hadn't heard anything about that, but it wouldn't surprise me. I have read on multiple occasions that Facebook archives the status updates that you type but then decide not to post.