They ate pushing to be regulated so they can create a locked down monopoly of 3-4 players where nobody gets to sell legal llm access like open weights. Instant locked down corporate market.

If you got caught breaking an expensive vase but there is no evidence, would you confess your crime? You would lie and make up some story how it wasn't your fault.

This technology is very powerful, and it is (and by extension, so are we) very valuable

Also good story telling for the narrative of “this technology is so powerful that it must be strictly regulated”