It might be true if it wasn't coming from Meta, but it is coming from Meta. Intelligence is a function of the model and compute. Meta has the capital required to put together world-class compute, but they can't attract the talent required to build world-class models. Given their history of building addictive software to harvest and sell user data for profit, they're the last company we need spearheading how models should be regulated. Nobody trusts Meta to do this.
Sure you can doubt the motivation of the speaker, but remember the validity of the argument itself is orthogonal to the speaker’s identity.