I get this was a design/art project and not necessarily meant to be sophisticated political philosophy, nonetheless there are a few distinctions here that would be useful: To be ruled by AI I think requires the AI to be in some sense conscious, to have some notion of I and be able to form its own values and goals. Otherwise the ruler is whoever imposes/creates the AI, just in a once removed sort of way. On the other…
I would argue this isn't always the case. There's a lot of reward being given for things that are detrimental to society. Pharma companies being at the top of the list.