ML and DL have their place in research which can push the frontiers of the problems and solutions know to humans today. But are the majority if the companies focusing on that? Nope.
Any technology is a tool and if it is in the wrong hands and there are no guardrails in place, both the human and the technology become dangerous. A car in th hands of a robber, a chainsaw in the hands of someone who has an intent to hurt someone,etc.
As for tools in the wrong hands and all, sure. Obviously. My point was that humanity never abandons a technology because of risks, or real issues.