No, “Capitalism” is Destroying a Generation of Students. It is destroying jobs and most other existential problems come from that belief system, but AI - for now - is a tool.
Only in a terrible environments with psychopath behavior, does it do harm. Unfortunately, that describes 99% of all leadership under Capitalism. It has always and will always be powerful people misusing tools/tech for their own individual benefit. That is what ‘free competition’ allows to happen. Live with it, or complain about Capitalism instead.
I slept in my first computer - and worked as verbal RAM (first VRAM!) 28 hours a day !
“…and when you tell this to young people today, they won’t believe you !” - Monty Python.