I want to delve into the full scope of the Anthropic AI takeover of politics happening over the past week. Yesterday, the company’s CEO Dario Amodei came out and explicitly asked for antitrust laws not to apply to the biggest AI firms. His biggest rival, Sam Altman, quickly agreed. And they are suggesting this legal change just before Anthropic seeks to sell shares on the stock exchange, minting a whole series of AI millionaires and billionaires.
Why do they want to suspend antitrust laws for AI firms? Well these guys say they need the industry collectively “pace the frontier,” aka in their framing, slow development of this technology so as to reduce the probably of human extinction at the hands of autonomous swarms of AI bots. And they can’t do that, they argue, without suspending laws prohibiting price-fixing cartels.
Then the Information reported today that OpenAI, Anthropic, and Google have been having backchannel conversations about establishing an AI standards organization, which presumably would coordinate this cartel.
Let me start with a very simple point. It is already illegal to release products that hurt people. It is illegal to compete by releasing products that hurt people. If these guys are genuinely manufacturing things that kill innocent people, the FBI should be arresting them immediately. The idea that they would not only release such products, but also issue stock for the American people to invest in multi-trillion dollar initial public offerings for such ventures, as Anthropic is planning, is utter lunacy.
I wrote about this attempt to terrify us into giving away our liberties on Friday, in a piece titled “Stop Panicking About AI.” But the IPO is something I didn’t think through. Apparently they think we should all get rich building world-ending product lines.
All that said, whether Anthropic goes public isn’t just up to the people at Anthropic. I asked some former Securities and Exchange Commission officials, and they told me that the SEC effectively has the authority to block initial public offerings. Here’s how.
Every company, before it goes public, submits an S-1 initial registration statement to the SEC. And the SEC can refuse to clear it if the commission believes that it doesn’t adequately disclose the risks a corporation’s securities present to investors. Technically, the SEC could go to court and get an injunction to block the IPO, but it rarely comes to that - the lack of clearance for an S-1 is red flag for investors so companies won’t go public until they get it.
In a functional system, there would be a dozen accountants and disclosure experts with sector training going back and forth with the lawyers telling them to expand on this or that, etc. And the commissioners either themselves or on a delegated basis won’t clear it until they’re satisfied. Today, it’s more likely that Trump himself just decides. Regardless, if Anthropic goes public, it’s not just because of the corporate insiders, it’s because Trump explicitly allowed it.
If I were a member of Congress, I’d be screaming mad right now, and yelling at Trump and the SEC to stop this event which will bestow hundreds of billions of dollars of wealth on a strange doomsday cult. [...]
There is one more point to cover. There is an ongoing political campaign to do something about AI, with a large swath of elites demanding action. That includes Barack Obama, who rarely demands anything except the most banal conventional wisdom. So when he says “AI policy is critical’ to Democrats, you know that it has reached peak elite acceptance. Still, what is that ‘something?’
The basic fight is over framing, not risk. Everyone sees risk here, but the root cause differs based on your perspective.
The AI doomers want their systems to be imagined as rogue agents bent on civilizational conquest, or as some sort of inevitable new technological paradigm that needs an entirely new legal framework superseding existing inadequate laws embedded in those musty old nation-states. Amodei argued the industry should have self-regulation, some sort of antitrust exemption to collaborate across the industry, and a global agreement among AI firms within democracies on how to manage risks. These developments, to Amodei, are inevitable, no human is responsible, though we must all act quickly.
Generally, this side is winning the debate. For instance, Senator Jon Ossoff, a 2028 hopeful who generally echoes whatever seems to be the most appealing line of Trump criticism of the moment, has mostly adopted that frame. Bernie Sanders seems to have given up on his campaign against oligarchy to promote Dario Amodei’s ideas. And in the core of the Democratic establishment, this view has taken hold. For instance, here’s Senator Brian Schatz of Hawaii, the likely successor to Chuck Schumer, praising Amodei.
Brian Schatz@brianschatz
I am still studying this but it’s a reasonable start, and takes seriously the proposition that we need real proposals that can be enacted rapidly.
There are many calls to convene Congress in emergency session to act, and Trump’s advisors are trying to get him to announce immediate emergency action. Given that the big AI companies are already having discussions about coordinating their AI model development, it seems like they are just pushing for final legal permission to openly run AI as a cartel.Dario Amodei @DarioAmodeiWe Must Pace the Frontier: I’ve written a new essay on why the AI industry should slow down, with a three-part plan for doing so. Anthropic is unilaterally committing to the first of these steps. We’ll provide third-party evaluators with permanent, employee-level access to our
8:27 AM · Sep 12, 2026 · 42.7K Views
The debate, however, is not quite over. So what’s the alternative view? Well, the rule of law adherents look at these AI systems merely as unsafe products. As such, their request isn’t for new laws, but enforcement of existing rules. All products are subject to standard nuisance claims and other torts, unfair and deceptive practices laws, and so forth. Agents are, as Cory Doctorow notes, malfunctioning machines, or “autonomous malicious software” operated by reckless people at OpenAI and Anthropic. Moreover, it is actually illegal to build unsafe products as a method of competition, or to keep up with rivals by also creating unsafe products.
Former FTC Chair Lina Khan listed a bunch of laws that could already apply. And she let slip that state attorneys general are looking at potential criminal liability for AI CEOs.
Lina Khan@linamkhan
Law enforcers already have authority to charge companies and their CEOs for creating and releasing dangerous, unvetted, or defective products. We shouldn’t let discussions about new legal regimes distract from the fact that there’s no AI exemption from laws already on the books —…(Khan did actually start enforcement against AI developers when she was Chair. And it notable that one of the very first things that Trump-Vance FTC Chair Andrew Ferguson did was set aside the penalty of an AI developer she penalized for creating unsafe and fraudulent tools.)
11:31 AM · Sep 13, 2026 · 183K Views
So who will win? Well I am fairly pessimistic, as the bludgeoning from the superrich works in crisis moments, especially when Bernie Sanders is on the side of the establishment.
But the debate doesn’t fracture on obvious partisan or factional lines. Much of the industry is going to be split on the matter. For instance, David Sacks, a generally malevolent crypto investor and technologist, is making cogent arguments, because his crew would be excluded in an OpenAI/Anthropic cartel world. He’s a die-hard Trumper and despised Khan when she ran the FTC, but he retweeted her argument here.
A lot of policymakers, such as Senators Richard Blumenthal, Rep. Ro Khanna, and others, see liability as an obvious way to shape the industry to be more safe. The Senate is also full of people who are used to blocking each others’ legislation; Maria Cantwell and Ted Cruz are trying to work together on AI safety, but are fighting over whether to preempt state laws.
There are a host of proposals out there, and the details will matter. And there is something of a stampede for an emergency session to take action. If Trump chooses to accept the need for action, then it’s likely the Anthropic/OpenAI/Google types will get what they want. If not, then the debate will continue, perhaps until the financial markets impose a different mental model.
At any rate, we can all agree that Anthropic shouldn’t go ahead with its IPO. Or at least, that’s something we should all be able to agree on.
by Matt Stollar, BIG | Read more:
Image: via