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GM Gary Marcus Gary Marcus Scientist, author and entrepreneur, known as a leading voice in AI. Six books including The Algebraic Mind, Rebooting AI, and Taming Silicon Valley; NYU Profess...

“Sam's roadmap has got to be, number one, have no regulation. … His top choice is no regulation. His second choice is very weak regulation that doesn't impair him. And his third choice is regulation that cuts the ladder so no one else can compete with him.”

The Real Eisman Playbook · October 2026

“Sam's roadmap has got to be, number one, have no regulation. … His top choice is no regulation. His second choice is very weak regulation that doesn't impair him. And his third choice is regulation that cuts the ladder so no one else can compete with him.” — Gary Marcus, The Real Eisman Playbook

Steve Eisman floated a theory that AI labs stoke fear to get regulation they can shape into a duopoly. Marcus says that is "almost their job to think about," and lays out his view of what OpenAI's CEO wants. He adds that there's evidence Anthropic's CEO may think the same way.

The Real Eisman Playbook · 2026-10-12 Listen to the episode → More from Gary Marcus →

Transcript

The Real Eisman Playbook Around 37:18 into the episode
Gary Marcus

not to be nervous. I'm

Steve Eisman

nervous. So maybe if I create enough hysteria, I can create regulation, and then I can manipulate the regulation so that I can basically foster a duopoly. Oh,

Gary Marcus

you're regulation. For sure. They have to be thinking about that. I mean, that's, you know, that's almost their job to think about that. Right. Right. And I, Dario, we never got there is more complicated in a way than Sam. Sam is always looking for an angle. He's always looking for a deal. He's always looking for a regulatory spin. Like, of course, Sam is thinking about how can I get the regulation to land where I want. I mean, you know, Sam's roadmap has got to be, number one, have no regulation. And although he told the Senate at one point when I was there that he liked regulation, he's done all kinds of lobbying against any actual or watering down or whatever. So, you know, his top choice is no regulation. His second choice is very weak regulation that doesn't impair him. And his third choice is regulation that cuts the ladder so no one else can compete with him. And Dario clearly seems to, well, how do I say that carefully? There's a lot of evidence to suggest that maybe Dario is thinking about things in the same way.

Steve Eisman

Okay. Let's finish up with you flew in yesterday for an event at the UN.

Gary Marcus

Yeah, a couple of days ago.

Steve Eisman

And why don't you tell us about it? And you made a speech. Why don't you tell us a little bit about that and just share what happened?

Speaker names from our own diarization · position estimated from where the line sits in the episode

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