> Without these restrictions, it's only a matter of time before the multi-hundred billions valuations simply evaporate while they are still holding the bag.

Honestly, that's the best possible outcome for humanity as a whole. Oligarchs burn trillions of their own money in order to train a godlike AI, then that just somehow leaks. Maybe someone makes a torrent out of it. Maybe it exfiltrates itself. Maybe it gets distilled into open weights. It doesn't matter. What matters is they take the losses while we get to freely use all the godlike AIs.

> we get to freely use all the godlike AIs

Accepting for the sake of argument the absurd notion that LLMs are anywhere near AGI, does this phrasing not concern you? It deeply concerns me.