While the public focuses on AI's potential, a small group of tech leaders is using the current unregulated environment to amass unprecedented power and wealth. The federal government is even blocking state-level regulations, ensuring these few individuals gain extraordinary control.

AI provides a structural advantage to those in power by automating government systems. This allows leaders to bypass the traditional unwieldiness of human bureaucracy, making it trivial for an executive to change AI parameters and instantly exert their will across all levels of government, thereby concentrating power.

For some policy experts, the most realistic nightmare scenario is not a rogue superintelligence but a socio-economic collapse into techno-feudalism. In this future, AI concentrates power and wealth, creating a rentier state with a small ruling class and a large population with minimal economic agency or purpose.

Just as oil wealth allows elites in some countries to ignore their populations, control over AI could empower a new elite to maintain power without cultivating human productivity, leading to societal decay and loss of democratic legitimacy.

Unlike past technologies that automated specific tasks, AI threatens to automate all economically valuable human labor. This removes the fundamental, non-seizable leverage that the general populace holds, creating a power vacuum that can be filled by capital owners.

While a fast AI takeoff accelerates some risks, slower, more gradual AI progress still enables dangerous power concentration. Scenarios like a head of state subverting government AIs for personal loyalty or gradual economic disenfranchisement do not depend on a single company achieving a sudden, massive capability lead.

While often proposed to manage safety, a centralized, government-led AGI project is highly dangerous from a power concentration perspective. It removes checks and balances by consolidating immense capability within a single entity, whether it's one country or one company collaborating with the government.

AI is not inherently centralizing or decentralizing; it's both. It can create the ultimate surveillance state for elite control while also empowering solo entrepreneurs to build multi-million dollar businesses with minimal capital, creating a significant economic paradox.

Meredith Whittaker argues the biggest AI threat is not a sci-fi apocalypse, but the consolidation of power. AI's core requirements—massive data, computing infrastructure, and distribution channels—are controlled by a handful of established tech giants, further entrenching their dominance.