It would be great to see some evidence that this risk is real. All I've witnessed so far was scaremongering posts from apparatchicks of all shapes and colors, many of whom have either a vested interest in restricting AI research by others (but not by them, because they are safe and responsible and harmless), or established a lucrative paper-pushing, shoulder-rubbing career around 'AI safety' - and thus are strongly incentivised to double down on that.
A security org in a large company will keep tightening the screws until everything halts; a transport security agency, given free reigh, would strip everyone naked and administer a couple of profilactic kicks for a good measure - and so on. That's just the nature of it - organisations do what they do to maintain themselves. It is critical to keep these things on a leash. Similarly, an AI Safety org must proseletyse excistential risks of AI - because a lack of evidence of such is an existential risk for themselves.
A real risk, which we do have evidence for, is that LLMs might disrupt knowledge-based economy and threaten many key professions - but how is this conceptually different from any technological revolution? Perhaps in a hundred years lawyers, radiologists, and, indeed, software developers, will find themselves in the bin of history - together with flint chippers, chariot benders, drakkar berserkers and so forth. That'd be great if we planned for that - and I don't feel like we do enough. Instead, the focus is on AGIs and that some poor 13-year-old soul might occasionally read the word 'nipple'.