No, my argument is that the need to pace the frontier means they cannot safely advance in capability due to liability concerns. The competition is already almost caught up. If OpenAI/Anthropic have hit an upper bound on safe capability improvement, the gap will close all the way, and we will have reached the full commoditization of LLM tokens very soon.
Say this is true (we are near or at the upper bound of safe capabilities and tokens are commodities). If they successful get regulated, all they’ll get is a little extra time. The market will soon realize this - regulated or not - and pull investment.
Seems like an excessive announcement just to get a little extra time.