Big AI’s Regulatory Capture Play May Have Backfired Spectacularly

Before the crypto exchange FTX collapsed, the company and several senior executives, including Sam Bankman-Fried (SBF), poured tens of millions of dollars into Washington, recruited former government officials, and championed legislation billed as consumer protection. To this very day, some critics believe FTX’s broader ambition was regulatory capture, a strategy in which one of an […]