These are prediction models that mimic patterns in data they have been taught and the behaviour they had reinforced.
One could argue encyclopedic knowledge and routine work is deprecated to a degree.
Taking into account that most human work is busy work and there are a lot of inefficiencies due to replicated efforts, in short term I'm starting to get worried about job security...
In medium term I expect there will be a development boom of essentially everyone creating everything imaginable, a lot of that will probably be useful...
In long term once embodiment is perfected and AI can effectively learn on the go in realtime, we will be truly screwed, but that has still too many challenges like energy source- batteries, computing power and algorithm efficiency.