> sudden panic and desire to "slow down" is because they're hitting the plateau on capability

I don't think that's the motivation, it's because both companies want to IPO and the _only_ way to even hope to be profitable is to do a whole lot less training, which costs a fortune. But unless Chinese labs go along with this gentleman's agreement (they won't), slowing down on training will bring about the inevitable Chinese model parity date more rapidly. At which point the game is well and truly over for OpenAI and Anthropic. Bit of a pickle they've gotten themselves into with the emphasis on being best, with premium prices to match.

The game is already over