Why are AI’s biggest companies suddenly asking to slow down?

AI’s biggest labs are suddenly calling for a slower pace of development. Is it because AI risks are catching up with the technology, or because the economics of the race are getting harder to justify?
Source: Why are AI’s biggest companies suddenly asking to slow down? (https://cointelegraph.com/magazine/why-are-biggest-ai-companies-suddenly-asking-to-slow-down?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)