Prof G Markets · Friday, October 2, 2026
Steve Eisman argues that AI companies are not facing an existential threat from AI but are instead manufacturing a crisis to drive regulation. He believes this is a strategy to create regulatory moats and establish a duopoly for themselves.
“The idea that this whole Terminator thing is nonsense. So I think some completely different is going on. And what I think is happening is that Token maxing is over. The open weight models are taking... big market share”
“I think these companies are very nervous. They realize that there are no moats around their business whatsoever. And they're trying to manufacture a crisis that will create regulation And that they think they can then manipulate to create the moats, to create the duopoly that they want.”