Larry Summers thinks AI could replace 'almost all' forms of labor

Did I understand correctly that Summers is predicting a world in which nearly all the jobs for humans are as teddy bears which eat?

Guess we'll all be doing aerobics and theatre at that point, like the automation endgame the Soviets had been hoping for?

Come to think of it, I'm down for a world in which everyone gets to play the capitalist: who's up for a round of Centrifugal Bumble-puppy thursday afternoon?