For one thing, people can be malicious, as you note. So saying "humans made it" does not mean it can't be malicious.
Current "AI" uses the same methods as the brain does, but with less sophistication of mechanism and very deficient and narrow training for narrow tasks (making statements that have some "truthiness" ).
People have been writing off AI for decades: It will never play chess, it will never win at chess, it will never beat the best human, it will never diagnose a disease, it will never find protein foldings, it will never find novel metal alloys, .... All failed predictions. Beware of saying "AI will never ____". Fill in the blank.
Well, there is one "never" prediction that can be made: It will never experience life the same way humans do. That's about it. But it can understand that experience.
Yes, it is currently oversold and promises about what the current iteration can do are over-promises. But don't write it off. You ain't seen nothin' yet. The difference between today's AI and 2050's AI is like the difference between 1995 internet and 2020 internet. You ain't seen nothin' yet.
You are 100% right on about it being deployed undemocratically even in democracies.