For regulatory capture, of course. They are not fooling me. There may be other motives, and the more ever-doom-looking crowd can find something in it for themselves as well, but you don't have to dig any deeper if you are looking for an explanation for the perspective of the people actually building it.
The Chinese tech sector popularizing cheap and open source models sure did a number on that narrative, too. Llama models, a while ago, too.