The same could be said about calculators. Do (did) they both compete with and enhance human performance? Sure! Did the mechanical cash register people, slide rule manufacturers, et al, get buried by them? Yup.
My antipathy toward the use of the teerm"intelligent" has nothing to do with its worth. A drainpipe solves a problem, but we don't call them "intelligent". The use of "intelligence" is used, I feel intentionally so, to convey some sort of superiority over human intelligence, and I feel that those promoting it are planning to (if they haven't already) create some kind of "awe" around a computer program that will encourage the iditos amongst us to kneel in deference to it.
It's a tool. Created by humans. Can be used for good or evil. That's all it is.