Who will stop AGI: laws or megawatts?

Discussions regarding the slowing down of powerful AI systems have intensified, with leaders of major AI companies now debating the need for independent oversight and safety protocols. The core debate centers on whether developers, governments, or international bodies should regulate the industry. However, the article suggests a different perspective: physical infrastructure as a natural constraint on progress. Given the massive energy requirements for training and operating large-scale models, physical limitations—rather than legislation—may become the primary factor curbing AGI development. The article explores whether a shortage of megawatts could halt the AI arms race more effectively than government regulations and examines the potential implications for the industry in the near future.