Seems like it's oriented toward lobbying and keeping AI from being regulated.
Good, there's enough fear mongering about it when we don't even know where to start when it comes to building an AGI.
We have to decide as a society, and decide really soon how far we are willing to take AI research.
We built the nuclear bomb, but we decided when to stop. We didn't build more advanced bombs that could level entire providences, even though we very well could have. I know this sounds ridiculous, in that we aren't talking the same level of potential devastation, but it's the principle I am after.