That's clearly self-serving claptrap. It's a leveraging of a false depiction of what AGI will look like (no ones really knows, but it's going to be scary and out of control!) with so much gatekeeping and subsequent cash they can hardly stop salivating.
No strong AI (there is no evidence AGI is even possible) is not going to be a menace. It's software FFS. Humans are and will be a menace though and logically the only way to protect ourselves from bad people (and corporations) with strong AI is to make strong AI available to everyone. Computers are pretty powerful (and evil) right now but we haven't banned them yet.