It's terrifying, and has been for some time. We are already run by robots. You can't pick up the phone and talk to anyone now, but have to go through a serries of ridiculous Q&A sessions with a bot. Millions are out of work because AI has taken over. The world can grind to a total halt, and has done so many times over the past couple of years (think worldwide aviation stopped, inability to actually go shopping and pay for you goods!) due to automation.
The IQ of the young in this country has dipped significantly. Kids are being taught through AI and IT. They don't need to research, read, write, and can use AI to pen letters.
As for the Arts - I'm hoping that there is a bit of a come back on this one, where composers, artists, photographers, etc are fighting back. The whole 'compose/create art in the style of ....' is beginning to be held up for the bollox it is. However, it is inconsceivable that anyone can have to audacity to think it possible to recreate the development and imagination of art.
Robots will never have creative imagination.