It's true, it's a kind of hive-mind, the collective unconsciousness manifest! It's made this tangible.
It depends what you mean by "smart". I think it will be able to understand our behaviors and what motivates us better than we do and make better use of complex information, but it will never feel, at least not in the ways that humans do. Kind of the difference between intelligence and wisdom. Humans will always better understand the things that can't be put into words.
RE: Will AI make me irrelevant? (transcript)