Precisely. Above 1% so in the realm of possible, but definitely not above 50% and probably not above 5% in the next 10-15 years. My guesstimate is around 1-2%.
But expand the time horizon to the next 50 years and the cognitive fallacy of underestimating long-term progress kicks in. That’s the timescale that actually produces scary high existential risk with our current trajectory of progress.