What happened
Investor Steve Eisman, known for predicting the 2008 housing crash, claims that AI companies are creating a crisis to protect their business interests. He believes that these companies are raising alarms about existential risks to push regulators towards rules that would give them an advantage. Eisman thinks that the goal is to create a duopoly at the top of the industry, with the largest firms benefiting from regulation shaped by fear of catastrophe.
Eisman pointed to the resignation of former Anthropic researcher Jacob Coxon over safety concerns as contributing to the apocalyptic narrative around AI. He also argued that the investment logic behind AI spending has shifted, with the push to maximize AI usage, or
