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They must have just learned they’re not getting the government bail-out they were hoping for, so they’re scrambling for Plan B, which is to play the “safety” card to lock out new startups and foreign competitors. The big companies will probably form an AI Safety Consortium that conveniently sets standards in their own favor.
I don’t believe for a second that the same people who were willing to destroy the planet last week are concerned with saving humanity this week.
Supposedly they are already profitable or breaking even on inference. So the money they are burning is mainly for the bigger and better models. If they stop any further devellopment they might actually be quite close to profitability. But then they will be leapfrogged within a few months unless the competitors also stop.