The immediate consequence of the Fable ban will be that the valuations of Anthropic and OpenAI will fall abruptly. They were valued so highly because they were managing a technology that seemed almost without limits, both in terms of how far it could go and which markets it could reach. Both companies are about to enter the stock market, and when the government now steps in and bans their promised product, I expect a big fall in technology stocks. That would be a big blow to US economy, which ...