David Sacks, former White House AI and crypto adviser, is warning about what he describes as a well-funded campaign to steer AI regulation through fear. Open Philanthropy, an Effective Altruism-affiliated organization, has directed over $1 billion toward AI-risk advocacy and research. Anthropic, the Claude-maker preparing for one of the largest tech IPOs in history, has a private valuation of $965 billion after a $65 billion funding round, with potential IPO valuations reaching as high as $2 trillion. Anthropic CEO Dario Amodei has predicted that 50% of entry-level knowledge workers could lose their jobs within one to five years. Sacks argues that companies warning loudest about AI dangers are often positioned to benefit from the regulatory moats those warnings create, and that a successful IPO would create a massive new pool of capital flowing back into the doom narrative ecosystem.
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