Nah, this is real profits. Real profits turned over to Microsoft:
Microsoft’s current agreement with OpenAI entitles it and other investors to take a slice of profits until they collect $100 billion.
Heads, Microsoft makes tens of billions in profit on their investment. Tails and Microsoft keeps Open AI in a tight embrace until they have sucked everything they want from them.
Would be smart, except they are sucking poison. Let's see how Microsoft's monopoly position can get them out of this jam!
While a good description of how AI Doom has progressed during 2024, I think the connection to regulation (at least the EU regulation, I am not familiar with what was proposed in California) is of the mark.
The EU regulation isn't aimed at AI Doom, it's aimed at banning and regulating real world practices. Think personal data, not AI going conscious.