A few things:
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It's baked into everything whether we like it or not. I'm so tired of that damn star emoji everywhere, especially when it replaces basic search functionality we already had (looking at you, Amazon)
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It's dependent on other people's work (LOTS of it) which is usually acquired through sketchy means - all that to compete with those original creators
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The slop. Oh, the slop. Slop that's often used as SEO fluff. So you have one bot working to please another. Humans are an afterthought
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I'm legitimately afraid that it'll take away from our understanding of things and critical thinking by relying on it too much. On that same token, once we rely on it and it gets manipulated, so do we.
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It uses a ton of energy to make it happen
Those are just the things I could think of offhand before going to bed. I'm sure there's more.