What are Open-Source Views on 'Slowing Down AI'?

The open-source community is debating the concept of "slowing down AI," with some viewing the idea that "AI (LLMs) is going to take over" as "BS marketing." This perspective suggests that "doom-and-gloom" narratives have been pushed since 2019, despite models back then being less capable. A key question is whether there's a "genuine threat" or if it's "pure hype," especially if it's a marketing tactic, why are "AI regulations" being pushed.