AI investor Steve Eisman says top labs push doomsday warnings to create regulation

businessinsider.com

Investor Steve Eisman, known for predicting the 2008 housing crash, said AI companies are trying to "manufacture a crisis" with doomsday warnings to create regulation that protects their businesses. Eisman told CNBC that top AI labs lack competitive moats and are nervous about open-weight models taking market share. He believes they want regulation to create a duopoly, and he has trimmed his AI exposure. Eisman expressed skepticism about calls to slow AI development from Anthropic and OpenAI leaders, noting Anthropic is preparing an IPO. He suggested they should postpone their IPOs if they genuinely believe the technology is dangerous.


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