Things will likely be tough for a while but the potential for AI to solve (even trivialize) many problems is also high. We're developing clean energy sources along with other fixes to climate change. It may be a tough transition, but AI could bring us to a quality of life unimaginable before. Even now we live in much more comfort than people even 40 or 50 years ago.

Also society's not going to collapse. There will never be a power vacuum like that, the people pushing the collapse just have a fantasy of it happening because they don't like the way society is now.