There are different plans for how people might control a system like this, but nobody thinks that they work. They are all flimsy and speculative today. One is to put AI in charge of making sure that another AI is good as it is building more and more complicated AI systems. You hope this structure doesn't topple down on you.
If I had to speak to the psychology of people inside the companies, they feel somewhat forced. They are racing, and they are doing it regretfully, because they think they have no choice. They say they have no choice. I think this is mistaken. In fact, within the last week, DeepMind and Anthropic, two of the leading labs, have said that if other companies and groups would slow down as well, to go more cautiously, they are open to this.
The issue is that they are not governments. They are not international bodies. They can control only their own decisions, so, unilaterally, they feel compelled to go ahead. Somebody else is going to do this. We may as well do it too and try to do it a bit better and a little more safely. Ultimately, what we would do is not do this at all until we're really sure we're ready.