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Joe Lonsdale, an investor in Anthropic and the co-founder of technology company Palantir , said on Friday that efforts by some leading artificial intelligence companies to warn of existential risks from AI amounted to a dangerous attempt to shape public policy.

Lonsdale, also founder of venture capital firm 8VC, criticized what he described as efforts by people close to Anthropic and at OpenAI to fund outside groups advocating stronger AI regulation, which he argued could help a small number of leading companies shape the rules governing the industry and entrench their market power.

“I think that what OpenAI and Anthropic are pushing right now is very dangerous, and we don’t want an oligopoly that controls all of our policy here with the government,” Lonsdale said at the Reuters Momentum AI Austin event.

“Safety is a real thing, but fear and regulation — we’ve got to be really careful how we respond to those things.”