The problems it raises - alignment, geopolitics, lack of societal safeguards - are all real, and happening now (just replace “AGI” with “corporations”, and voila, you have a story about the climate crisis and regulatory capture). We should be solving these problems before AGI or job-replacing AI becomes commonplace, lest we run the very real risk of societal collapse or species extinction.
The point of these stories is to incite alarm, because they’re trying to provoke proactive responses while time is on our side, instead of trusting self-interested individuals in times of great crisis.