There's some benefits, but also massive, massive society destroying downsides. In retrospect, the downsides of social media like addiction, social isolation, and political misinformation, radicalization were hand waved away. We were told "THINK OF THE UPSIDE OF SOCIAL MEDIA, THINK OF THE CONNECTIONS" and now think of how isolated and depressed and addicted everyone is now. The exact same thing will happen with AI and VR.