Wu Blockchain has reposted BitMEX co-founder Arthur Hayes' latest article, "Safety First," in which Hayes suggests that the slowdown in AGI (Artificial General Intelligence) development by U.S. AI labs, citing safety concerns, might reflect lower-than-expected AI demand at current prices.

Hayes believes that reduced AI training expenditures could weaken demand for data centers and chips, thereby putting pressure on over $1 trillion in investment-grade debt and hundreds of billions of dollars in lower-rated loans related to AI infrastructure. He anticipates that the resulting credit stress could ultimately force the U.S. government to become the "buyer of last resort for compute" or support insurance companies facing AI debt risks. Both outcomes, he argues, would increase dollar liquidity, benefiting Bitcoin and other crypto assets.