Taking the long view, AI is just another step in the chain of increasingly efficient automation. Like all steps before, it yields more output per unit labor, and thus more value.
Discussion
Hazlitt argues that this results in a surplus of capital that itself is then spent elsewhere, thus stimulating jobs anew. I get the impression reading his work, that he views economic energy as a something that can neither be created or destroyed , but rather diverted to this end or that end.
My only fear is that this surplus of capital saved from the reduction of labor from AI will not enter into the free market, but will be managed by central planners in the form of "Universal Income" , which would be a disasterous continuation of many of the economic fallacies plaguing us today, chief among them is government redistribution of capital by taxation from trustworthy individuals who have weathered the free market and have managed risk accordingly, to individuals who have not .ie giving other peoples money (taxpayers) to individuals that no private lender would.