Re: "And after all, these companies were set up to make the world a better place"
No. The number one imperative of a company is to generate a profit. Sometimes the definition of what the profit should look like can sometimes be flexible, it's still the incentive.
On another not, look at how magical thinking around the over-hyped AI, or machine learning for that matter, is roped in to say this is possible with a wave of a politician's hands. Even if you could get them to understand the problems here, you'd never get them to stop invoking Silicon Valley as the great land of Oz.