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AI companies promise technology that will transform civilization, yet their leaders are already gaming out scenarios where it cripples banks, power grids and essential services. Taking risks seriously is sensible, but expecting catastrophe within a year raises a basic question: if these companies are building the future, how much control do they actually have over what they're creating?
Mapping out the fallout before disaster strikes is actually what a responsible industry should do. AI executives are gaming out worst-case scenarios and educating Congress, recognizing that a major incident could demand a coordinated response. With AI deeply intertwined with the economy, a failure that knocks out banking, power or water could transcend party lines, just as COVID-19 and the 2008 financial crisis showed.
AI leaders preparing for catastrophe is responsible risk management, but it shouldn't become a pretext for sweeping federal control of an industry Washington barely understands. Trump's new Super Intelligence Force signals a growing federal role in AI, even as existing hacking laws and civil litigation can hold companies accountable for negligence. Shutdown powers and data center moratoriums risk stifling innovation without making anyone safer.
What if the warnings are conditioning the public for the next financial crisis? A cyberattack blamed on rogue AI could let banks evade scrutiny, consolidate power and justify replacing traditional deposits with digital dollars and stablecoins. Just as COVID-19 reshaped the economy under emergency conditions, a crisis framed as unstoppable could make a sweeping financial overhaul seem like the only way to protect people's money.