It's obvious this is an attempt to ban open-source AI so the new "FAA of AI" can control AI. Even if it's as dangerous as they say, they have no way to control what China does. Which means this campaign for regulation won't actually meet any of their stated aims. //
What we are seeing is a massive, pretty obviously coordinated campaign by AI researchers, companies, NGOs, and politicians to strangle competition in an industry and, as I will show, save the financial bacon of the top AI companies that are vastly overextended financially because they have made contractual commitments that they simply have no prospect of paying for. //
Today's "bull market" is almost exclusively driven by the rapid rise of AI-adjacent companies, and if the AI companies can't deliver massive growth, all these other companies are cooked as well. Data centers will have no customers, cloud compute will have nothing to do, and Nvidia chips won't be worth 10x gold. //
None of these companies is suggesting that AI be shut down; they are asking for a massive regulatory infrastructure that works with them, reduces their costs, possibly subsidizes their investments, and destroys competitors as insufficiently careful and secure. //
The solution is to ensure companies face liability for any damage they cause. Government regulators are utterly incapable of regulating anything as massively complicated and rapidly developing as AI, but you can be darn sure that if these companies face multi-billion-dollar liability claims, they will be quite careful about what they release.
Which do you trust more: a GS-12 based in Washington assigned to evaluate a model he could never understand, or a bank of lawyers warning CEOs that screwing up could cost them $20 billion? //
Will AI kill everybody off at some point in the future? I doubt it, but I can't say for sure. What I can say with certainty is that AI companies, because of their own financial mismanagement, face an existential threat and want (NEED) the government to bail them out, and need an excuse to get it to do so.
What you saw in this week's frenzy is the excuse they chose.
