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Tech CEOs’ Doomsaying Is a Distraction from Real, Existing Harms of AI

14 0
14.09.2026

Special Investigations

Press Freedom Defense Fund

Tech CEOs’ Doomsaying Is a Distraction from Real, Existing Harms of AI

The binary between AI apocalypse and AI redemption asks us to ignore data centers and AI war machines — all as tech executives get incredibly rich.

In the last week, a raft of top tech executives — including OpenAI’s Sam Altman, Anthropic’s Dario Amodei, and SpaceX’s Elon Musk — joined a chorus of doomsaying voices from Silicon Valley urging a slowdown in artificial intelligence development.

The executives feared, they said, that the tools would become too powerful too soon and pose an existential risk to humanity.

Why would three multibillionaire tech CEOs all come together to agree that the technologies their companies are developing might be too dangerous?

Do the overlords of Silicon Valley really think frontier AI models are likely to “kill all humans,” as one senior employee at Anthropic warned last week? Is this just another example of hype propagated to draw in more investment?

Talk of existential risk is a highly convenient way to not address the already known harms produced by AI.

Talk of existential risk is a highly convenient way to not address the already known harms produced by AI.

The beneficiaries of the AI gold rush and the beneficiaries of investment in AI safety are, after all, likely to be the very same people, even if AI stocks have fallen in recent days amid the latest doom cycle.

We could waste a lot of time speculating about the apocalyptic or cynical worldviews of tech billionaires. Regardless of what these CEOs and their employees actually believe, however, one thing is clear: Talk of existential risk is a highly convenient way to not address the already known harms produced by AI technologies overseen by fascist billionaires like Musk and Palantir CEO Alex Karp.

It’s a suspicious time for Silicon Valley leaders to again offer up millenarian narratives about existential risks beyond our comprehension. The CEOs’ warnings, after all, came at the very moment a cross-political consensus is growing against the proliferation of actually existing harms of AI and its infrastructure. Consider, for example, mass opposition to data centers and classroom AI bans.

Silicon Valley talk about existential risk is hardly new. In 2023, hundreds of tech researchers, CEOs of the major AI companies, investors, and academics signed an open letter on AI risk just one sentence long: “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war.”

Pitiful international commitments to preventing future pandemics and nuclear wars are hardly a reassuring baseline, but the sentiment of the open letter played into a now typical AI story, thick with theological overtones: A threshold is supposedly approaching, which could lead to the total destruction of life on Earth — or our salvation.

That threshold, according to the figureheads of technocapital, is the birth of AGI: “artificial general intelligence,” or........

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