Oh, it most certainly is, in fact, it's already here. That argument has the same difficulties that the Austrian School pointed out years ago: you can't gather enough information to form a predictive model. You can gather enough on past performance to form a descriptive model, yes; that's the fundamental principle of data analytics. But it can't anticipate change.
The usual answer to that is the one statists love the most: the state decides what changes it wants and forces them. Fails every time.
AI is currently being implemented everywhere, and it always has that shortcoming.