There is a lot of fear marketing about our text generators turning into Terminator. But other than the centralization of power, such fears are largely fiction. (Actual fiction, stuff like ai2027.)
And the labs know it: If Anthropic or OpenAI believed in their own narrative of being on the brink of world dominating superintelligence, they absolutely would not plan to IPO rn.
The slowdown narrative is probably just a hedge, or a face-saving way to lower expectations in case they can not keep improving at the same speed until they actually IPO.