This is almost correct. The part where the bots produce seemingly good art and output is wrong, tho.
This is the saddest part.
If we were in a society where we, as humans, would have been *advantageously* replaced by machines, I would see the tragedy, but I would personally also see and appreciate the rationale.
But the bots are producing slop that is worse than the most nauseating output from the most insipid, unscrupulous, most prolific greed driven plagiarist on steroids... 