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The Greater Good Is Not Your Good
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At best, AI represents an advancement for information structuring; a much faster way to sort, categorize and investigate the data landscape. I find it very useful for speeding up research, but it only works as long as you understand that AI tends to lie by omission. It can never be fully trusted and must be backed by source material.
By extension, AI makes people incredibly lazy when it comes to understanding the world or pursuing information. When the public takes AI information at face value because they don't want to do their own research, it makes them dumber. I foresee a dark future, maybe a decade from now, where the vast majority of people have become virtually retarded because all of their daily decisions and views of the world come from a reliance on AI.
Some people will argue that we've already hit that unfortunate threshold. In any case, what is the ultimate purpose of AI? There's hundreds of different answers depending on who you ask, however, only a few explanations stand out as true motivators for the race to artificial intelligence.
A Labor-Free Utopia?
If you ask technologists and dreamers like Elon Musk, the goal is unlimited production. Meaning, AI and robotics would take over the majority of human labor. In theory, this would result in a new age of "time abundance" which Musk believes would lead to a form of wealth abundance. That is to say, AI technology makes individual labor unnecessary and thus, money becomes unnecessary because all basic needs would be provided for free.