Business as usual beats probable extinction, but probable extinction with a small chance of becoming a living god beats probable extinction with a small chance of becoming a slave.
Yeah like when Tobacco companies learned that smoking... well, hmm, well the fossil fuel companies when they learned about climate change they...
Well, I'm sure this time executives will prioritize the common good.
AI companies know they have to constantly push further, or they'll get outcompeted and lose their wealth, and nobody agrees on where the line is for "so dangerous it threatens humanity" (and when they try to be conservative about it, everybody screams "marketing stunt" and rushes to competitors).
If a single company decides "enough is enough" and stops chasing the state of the art, everybody goes to their competitors, they lose the money faucet, their employees go work for those competitors. The competitors also (usually) know they're building an existential risk machine, but they think they can push a little further, and they don't want to go out of business either.
This equilibrium can last for quite a while even if everybody involved thinks it's a threat to their lives.
Lol nobody knows that. Everyone thinks they know that because for some reason this is the one field people still cite straight up fiction and say "this is a clear prediction of the future".
It's like describing the consequences of faster then light travel by referring to Star Trek.