The fact that he would suggest this despite preparing for an IPO is an even stronger signal that it's in good faith -- it will almost certainly delay or reduce the valuation of the IPO.
No it won't.
This is a call for a "safety cartel"[1] in which the dominant firms become more entrenched against competition by colluding to limit the progress would-be competitors can make in the market.
No, the essay does not talk about "stopping development". That's a very clever sleight of hand made in the essay to get readers to draw this false conclusion.
It just talks about building AI at a "balanced rate". Untangling the corporate speak, this amounts to essentially "go full steam ahead, but have more eval oversight before release".
So, i think they're hopeful for the help and terrified of the harms and are maybe trying to slow down on the amplifier of those effects for now.