Thoughtful Money with Adam Taggart · Tuesday, September 22, 2026
Jonathan Wellum expresses concern that large AI companies might form cartels to secure regulatory capture and stifle competition. He advocates for open competition to drive down prices and innovation, arguing that the market should determine success, not preferential treatment for a few dominant players.
“And that's why they're all talking, trying to scare everybody. And what we do, what we want is we want open competition. We want prices to come down. We don't care about whether they're trillion dollar companies or not. They could be a hundred billion dollar company, as far as I'm concerned, if there's a lot more competition and more entrants come in to the marketplace.”
“And that's why they're all talking, trying to scare everybody. And what we do, what we want is we want open competition. We want prices to come down. We don't care about whether they're trillion dollar companies or not. They could be a hundred billion dollar company, as far as I'm concerned, if there's a lot more competition and more entrants come in to the marketplace.”
“Let's have a free market. If we're going to have AI, let it develop. Yeah, of course you have some regulations on it, don't get me wrong, but let's get the prices as low as possible. And yeah, and that's why I think the uncertainty in that space is a lot larger than people think.”