That phenomenon isn’t exclusive to AI. A societal structure where a minuscule number of people amass all wealth and see themselves as gods is an inherently evil system.

Everything they do and everything they create is a means to increase their wealth and power at the expense of everyone else. At the expense of the planet itself. Regulators, courts, the government, and every other institution become captured vehicles that exist to increase their wealth and power. The people are made poorer and poorer while being distracted by bread and circuses.

The only war is class war.