To The Moon

News and my thoughts from the past week (31Aug2026)

JPMorgan has said that there may be a large-scale food supply crisis in the next year. - Unusual Whale

Bill Gates accuses the tech industry of knowingly downplaying AI's risks because too much money is at stake. Executives are worried in private but won't say so publicly, he told the NYT. Their reasoning, in his words: "It's bad for us — the next trillion dollars we're trying to raise." Gates says the industry blew past milestones it once said would warrant caution: models escaping their creators' control, AI producing bioweapon recipes. - X user International Cyber Digest

AI agents are now using 5x more tokens than humans - X user Kalshi

David Sacks: “I got bad news for you, Chamath, an open source ban is coming. They're not going to call it that. They're going to say that we simply have to apply the same standards to open models that we apply to closed ones. Here's how they do it step by step, let me explain how regulatory capture actually works. So first of all, you have to get this regulatory apparatus. Dario wants an FDA for AI, but he doesn't have enough political support for that, so instead they do this Trojan horse of a FINRA for AI. They call it self-regulating, it's not really, but anyway, that gets them off the ground. Now they've created the standard-setting organization. Now they've got pre-release model testing. Then the pressure grows to codify that in law, so that happens next. And then what they do is they say, ‘Look, all these standards need to apply equally to all models.’ But here's the problem with that. Open models and closed models are technologically different. Once you release an open model into the world, you can't roll it back and you can't monitor exactly how people are using it because they run it on their own hardware. Dario says this is what makes open models dangerous. So what they're going to do is they're going to have the standard-setting body say, ‘Well, we have to set the standards for AI safety.’ By the way, Dario and OpenAI, they're going to fund the whole thing. They're going to contribute all the compute. They're going to be behind it. They're going to be the ones coordinating with the government officials because frankly, people in government have no idea how to monitor and control and set standards for AI safety. Technologically, this is way beyond them. So they're going to go to these companies and say, ‘Tell us how to do it.’ And so what will happen is the standards will get set, and then it'll be a very simple matter of fairness to say that the standards need to apply to open as well as closed models. The open models cannot comply in the same way, and gradually they will be shut out of the market.” - The All in Podcast

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