It May Be Time to Panic About AI

The crisis began quietly, on September 12, 2024. That was the day OpenAI announced a new sort of bot, known as a “reasoning model,” that was trained to complete challenging tasks that took long periods of time—the very sorts of science, math, and coding problems the AI industry had long prized. Google, Anthropic, DeepSeek, and the like raced to launch their own reasoning models. This new class of models was very capable, and has been almost entirely responsible for sustaining the AI boom for…