Even if you apply the quote in a different sense, which would take away all its pithiness, you are still presupposing that "AI" will turn out to be a success.

The gross injustices in the original quote were already a fact, which makes the quote so powerful.

AI as is, is already a success, which is why I find it so baffling that people continue to write pieces like this.

We don’t need AGI for there to be large displacement of human labor. What’s here is already good enough to replace many of us.