Certainly. I think at current "AI" just enables us to continue making the same bad decisions we were already making, though, albeit at a faster pace. It's existential in that those same bad decisions might lead to existential threats, e.g. climate change, continued inter-nation aggression and warfare, etc., I suppose, but I don't think the majority of the AI safety crowd is worried about the LLMs of today bringing about the end of the world, and talking about ChatGPT in that context is, to me, a misrepresentation of what they are actually most worried about.