So far after using agents and having built an agent, the "AI will destroy humanity" argument seems to be a marketing ploy so these companies that lied about LLM

So far after using agents and having built an agent, the "AI will destroy humanity" argument seems to be a marketing ploy so these companies that lied about LLM's capabilities and received billions in investments can artificially "slow down progress" after running into some serious limitations. I'm not expert and won't claim to be, but that just sounds like the reality at the moment. Will AI cause some serious harm to the job market and cause more wealth disparity though? So far all signs point to yes.