Big Tech Wants Rules for AI. Small Rivals Pay the Price. | Ep. 288

Anthropic and OpenAI plan IPOs. Their leaders also warn of killer robots and ask Washington to regulate them. Peter Schweizer and Eric Eggers ask who profits from the rules.

Investor Steve Eisman says the AI labs face open-weight competitors, have no lasting edge, and manufacture a crisis to write regulation in their favor. Nvidia CEO Jensen Huang asks why executives who fear their own product rush to raise money. Peter compares the push to Dodd-Frank, which some of the largest Wall Street firms backed and which drove out small competitors unable to afford compliance.

The hosts play President Trump, Brad Gerstner, and Bill Gates, who calls new AI law "a little bit of overhead." They cover data center power use and local opposition, Eric's figure of more than $300 million in AI company spending on the 2026 midterms, and OpenAI's purchase of the TBPN podcast. They close on tech leaders who praised China for years and now cite China as a threat to win support in Washington.

(00:00) Killer robots or a regulatory play (02:10) Executives tell government to stop them (05:09) Investor Brad Gerstner on federal AI review (07:16) Steve Eisman on the manufactured crisis (09:53) Jensen Huang asks why they rush to IPO (11:07) Dodd-Frank and the Wall Street firms behind the law (12:07) Bill Gates on "a little bit of overhead" (14:22) Data centers, power use and local pushback (20:48) AI money in the midterms and the TBPN purchase (22:45) Tech leaders flip on China

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