> Although, if they do succeed in regulating themselves, won't that do more damage to their aggressive funding requirements? It will guarantee the delay (and possible banning) of the promised AGI that justifies the valuations.

If their statement is to be believed and they truly slow down, that means they are afraid of something. Otherwise some of them would just betray the rest.

If that is the case, then... why? what are they afraid of?

I would wager that failure, having their companies go bankrupt might be it.

How that would happen, I have no clue... I would assume interest rates raised because we're out of options dealing with inflation would hit their ability to raise money and once that happens they're in trouble...

> what are they afraid of?

That AI will disempower humans.