For some time now people have been discussing existential risks for humanity with the development of artificial intelligence. Although there would be genuine vulnerabilities due to the general disruption that the intelligence-related technologies would cause, especially by those involved in military operations, the tendency to depict AI, AGI in particular, in the light of possible overtaking of human existence is not only misleading but also potentially damaging.
Typically, when people discuss doomsday scenarios, they are projecting their own psychology onto the machine. It is not AI that would try to overtake the world. People have desires and ambitions about exerting control over others, and artificial intelligence systems are regarded as tools to realize their obsessions.
The arms race happen between people, not AI systems. The alpha male projection of aggression on the coming AGI is not only misplaced but also damaging to the neutrality of the technology.
The existential risk of Artificial Intelligence only comes from human nature and imagination