Earlier quoted context omitted.
Exactly. The "Terminator" scenario of a rogue malfunctioning AI is a silly distraction from the real AI threat, which is military AIs that don't malfunction. They will give their human masters practically unlimited power over everyone else. And AI is not the only technology with the potential to worsen inequality in the world.
Don't the people who control military technology in our current time already have "practically unlimited power over everyone else"?
Currently there's a high cost to it. War is very expensive; even the richest country in the history of the world, the US, doesn't want to bear the costs. And it requires persuading masses of soldiers to go along with it.
Roboticized warfare might eliminate those constraints.