"And make no mistake AI is capital. It's a thing that you own that generates wealth. It is definitely capital."
No, it's not, even if it were what its creators claim it is, which it also is not. AI is snake oil, snake oil is not capital.
And AI, if it were real, may generate wealth but only if it is winning AI. It has to complete and its products have to compete. AI, ignoring the fraud, is a replacement for a labor force, labor is not capital.
"It's a third industrial revolution and if you dig into the history of the first two it did not go well for workers."
It's not because AI is not what it is being claimed to be. But yes, it will not go well for workers, that is specifically intended to be the case.
"Since we're going to have to rebuild everything we just blew up."
What did we just blow up? You may be losing your mind.