OPENAI PULLS IPO, AI GIANTS GRAB REGULATORY MOAT | WAR ROOM PM W STEVE BANNON
Sam Altman just yanked OpenAI's 2026 public offering, citing safety and alignment work after weeks of market expectation. The move hit investors (including SoftBank) and flipped the AI timeline overnight.
Companies that fought any controls "like wildcats" now say they're open to regulation. Bannon and EJ Antoni break down the 24-hour reversal and what it actually signals.
The pitch is light-touch check-ins every six months. The real goal, per the analysis: a regulatory moat that locks in 4–5 dominant labs and shuts out everyone else.
EJ Antoni walks through the power grab, who benefits, and…
The skinny
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