Steve Eisman, the investor who famously called the 2008 housing crash, says the doomsday warnings coming out of the AI industry are a manufactured crisis designed to protect the biggest players.
\n\nSteve Eisman, the investor who called the 2008 housing crash as immortalized by the movie The Big Short, told CNBC on Thursday that AI companies raising alarms about existential risk are doing so strategically, not out of genuine concern. “They realize that there are no moats around their business whatsoever and they’re trying to manufacture a crisis,” he said. He thinks the goal is to push regulators toward rules that lock in an advantage for the industry’s largest firms. “That’s what I think is happening,” he said.
\n\nHe pointed to former Anthropic researcher Jacob Coxon, who resigned publicly over safety concerns, as one contributor to the broader apocalyptic narrative around AI. Companies see an opening in that discourse, in his telling: regulation shaped by fear of catastrophe could cement a duopoly at the top of the industry. Breitbart News recently reported that Wynton Hall, the author of CODE RED, recently unmasked the leftist “effective altruism” philosophy that guides both AI kingpins and the supposed nonprofits would would contribute to…
Original source: https://www.breitbart.com/tech/
