Sure, PWM light can cause health risks for some people, in some contexts. But taking research out of context is bad science.
Do you genuinely believe the Pixel 7 and 8 Pro have an "extremely high health risk", in the context of what a lay person would understand?
Edit: I specify 'lay-person' because clearly this is an introductory blog post (or advertisement for Daylight Computer). If they want to use a more specific definition of health risk, then they better define it.