"AI" was just a marketing term to hype LLM's anyway. The AI in your favorite computer game wasn't any less likely to gain self awareness than LLM's were or are, and anyone who looked seriously at what they were from the start and wasn't invested (literally financially, if not emotionally) in hyping these things up, knew it was obvious that LLM's were not and never would be the road to AGI. They're just glorified chatbots, to use a common but accurate phrase. It's good to see some of the hypsters are finally admitting this too I suppose, now that the bubble popping is imminent.
There are plenty of things to be concerned with as far as LLM's go, but they all have to do with social reasons, like how our capitalist overlords want to force reliance on them, and use them to control, punish, and replace labor. It was never a reasonable concern that they were taking us down the path to Skynet or the spooky Singularity.