Transhumans are pushing for a eugenics-based society that will create a class of "haves" versus "have-nots". The "have-nots" will be ultimately bred out of, or eliminated from the human gene pool. This was Hitler's precious dream and it is just as evil today as it was in the 1930s. Remember, however, that the eugenics originally started in 1909 in Berkeley, California.
99% of the population have no concept of what AI actually is or what kind of threat it poses to humanity. When true experts in the industry issue stark warnings to stop AI development, the rest of the world still has no concept of why anyone should listen to them, and so development continues unabated and unchecked.
As technology has disrupted key elements of society, Technocrats have taken advantage of the chaos to not only implement their own agenda but also to erect barriers to competition or resistance. If this had been recognized early enough, it could have been easily blocked. Now, the mere barriers have hardened into fortresses.