They aren't lying in the way that LLMs have been seeing improvement, but benchmarks suggesting that LLMs are still scaling exponentially are not reflective of where they truly are.
AI 2027 had a good hint at what LLMs cannot do: robotics. So perhaps the singularity is near, after all, since this is pretty much my feeling too: LLMs are not skynet. But it is easier to pay people off in capitalism, than to engineer the torment nexus and threaten them into following. So it does not need killer robots+factories, if human have better chances in life by cooperating with LLMs instead.