Analysis: Labs' 'Slow Down' Pacts Are a Prisoner's Dilemma Ahead of IPOs

dotey · x · 2026-09-13

A long-form analysis argues frontier labs' safety-framed pacing agreements are really a prisoner's-dilemma exit ahead of IPOs: training returns are diminishing, unit economics face public scrutiny, and slowing spend makes pre-IPO financials look better — while Chinese open-source labs remain the elephant in the room that could break the financial model.

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