What's the *actual* impact of AI on democratic processes we should be worried about?

With so much talk about AI in politics, I'm struggling to separate the hype from the genuine threats. Beyond the sensational headlines, what are the most tangible and immediate risks to democratic elections and governance that we should be monitoring *right now*? I'm seeking concrete examples and actionable insights, not hypothetical sci-fi scenarios. What should citizens and policymakers be focused on?