[ben_w]

Yes, however the economic situation develops not necessarily to most people's advantage.

A (hypothetical) AI that can perform any intellectual labour at for an energy cost of 1 kWh to produce output at the quality and quantity levels of a median human working for an hour, at $0.1/kWh is going to be a better economic choice than 50% of humans on earth even if those humans cut their wage demands to the UN abject poverty threshold.

But at the same time, there's not (currently) enough electricity for 50% of the world's people to be replaced by such AI regardless of the price.

Thus energy prices rise until the machine labour is as expensive as the human labour.

But that likely results in a lot of people even above that threshold no longer being able to afford to keep the lights on.

If we only get this AI quality/cost/generality level around 2031-ish, that may be fine, because renewables are on an exponential growth curve and around then exceed current global demand all by themselves.