AI insiders have warned that AI could be extremely dangerous and that national governments should help coordinate a slowdown in AI development.
Some people have said this is regulatory capture, or that it's meant to push up their stock prices.
A few things to think about:
- "Pacing the frontier" mostly affects companies with frontier models (rather than smaller companies), making it very different from typical examples of regulatory capture. It hurts the incumbents while leaving startups, and even fast followers like Meta, unencumbered.
- AI infrastructure stock valuations fell after company CEOs called for a slowdown, and there isn't any evidence we can see to show that comments about AI risk have ever boosted company valuations.
- Several of these CEOs have been making lots of these sorts of warnings for years, before any obvious commercial incentive to do so.
- Jacob Coxon quit Anthropic before any of his equity vested there (although he retains some at OpenAI, so he isn't totally financially disinterested). If this were purely self-interested, it likely would have made sense to wait another two months before resigning.
- Much of this has come as a response to the HuggingFace Incident, which seems to have left lots of AI company CEOs/employees genuinely spooked.
- Many of the people who are making a big deal about regulatory capture (like the quoted account) are themselves political operatives working on behalf of the AI industry.
We work to hold AI companies to account, and we know that they're often misleading and willing to compromise on safety standards.
(Check out our website to see a ton of examples of our reporting on this).
Similarly, regulatory capture is real, so this isn't an inherently silly thing to be vigilant about.
But in the past few weeks, it seems fairly obvious that the claims that AI is dangerous are mostly sincere.
TLDR
Regulatory capture is good actually.