The usual financial crisis playbook has a remarkably consistent cast: 1. banks discover a new way to create risk, 2. executives collect bonuses while it works, and 3. taxpayers get invited to the emergency meeting when it doesn’t. 👉 Somehow the public is always a stakeholder in the losses, but never in the profits.

This is clearly the exit strategy here. That's why AI companies' try to label their products as "dangerous" and call for their own regulation. On the one hand, they want to be regarded as a matter of "national security" because they bloody well know that this gives them access to taxpayer money, which in turn can bail them out of their failing bet on data center build-out. On the other hand, it helps them shift liability onto regulators if things go south and allows them to say: "We told you we wanted regulation, but you wouldn't listen."