Quite the contrary, AI would free the 99% from the control of the 1%. That's because its superior intelligence would mean it'll easily take power from the elites, and share it equally among the masses. Basically communism, but if it worked.

The incredible danger lies in the reaction of the 1%, they're not going to go down easy. They have a small window between when technology gives them huge power and makes them powerless, and it's in that window that they'll try some really crazy stuff, like killing the 99%.