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"Frontier AI companies probably can’t leave the US" by Anders Woodruff

01 Mar 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 9.703 Anders Woodruff

Frontier AI Companies Probably Can't Leave the US by Anders Woodruff Published on February 26, 2026

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Chapter 2: Why might US-based frontier AI companies consider relocating?

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It's plausible that, over the next few years, US-based frontier AI companies will become very unhappy with the domestic political situation.

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This could happen as a result of democratic backsliding, weaponization of government power, along the lines of Anthropic's recent dispute with the Department of War, or because of restrictive federal regulations, perhaps including those motivated by concern about catastrophic risk. These companies might want to relocate out of the US. However, it would be very easy for the U.S.

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Chapter 3: How can the US government prevent AI companies from leaving?

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executive branch to prevent such a relocation, and it likely would. In particular, the executive branch can use existing export controls to prevent companies from moving large numbers of chips and other legislation to block the financial transactions required for offshoring.

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Even with the current level of executive attention on AI, it's likely that this relocation would be blocked and the attention paid to AI will probably increase over time. So it seems overall that AI companies are unlikely to be able to leave the country, even if they'd strongly prefer to.

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This further means that AI companies will be unable to use relocation as a bargaining chip, which they've attempted before to prevent regulation. Thanks to Alexa Pan, Arun Hose, Buck Slegers, Jake Mendel, Joshua, Ryan Greenblatt, Stefan Torgs, and Tim who are for comments on previous drafts.

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Heading Frontier companies leaving would be huge news.

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I think that a move by a frontier company would be shocking.

Chapter 4: What powers does the president have to block AI company relocations?

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It would, at least for a few weeks, receive massive amounts of international and domestic coverage, plausibly more than all of AI gets now in a typical week. Front pages would cover the political turmoil caused by it, commentators would speculate about motivations, and politicians would lose sleep. The OpenAI board drama, for example, massively spiked coverage of the company.

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it would be as if Lockheed Martin announced one day that it was moving to Canada. Anthropic faced threats of being cut off from all defence contracts merely for disputing usage terms with the Pentagon. The reaction to a full departure would be much more severe.

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The move would signal at least a political leadership, a critical loss of confidence in America, and threaten the US's global leadership in tech.

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Chapter 5: Why is it difficult for companies to move their US assets?

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It might be read by the American public equally negatively. Such a big move might trigger a cascade event, with investors and companies leaving EN mass. At least the government would fear it could. I picture the move massively expanding the Overton window for AI policies and prompting immediate decisive action from the executive.

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To appease public outcry and alarmed national security officials, the US president would be pushed to take drastic measures to prevent the exit of the company. Heading It would be easy for the US government to prevent AI companies from leaving. Preventing this exit is likely to be very easy for the US executive using existing authorities.

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The scenario I'm envisioning involves a company moving abroad to remove US government leverage over them. Relying on US cloud providers, for example, would still give the government the ability to enforce restrictions. In order to become fully independent, companies would have to move their chips, employees, money, and IP.

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Chapter 6: What implications would a frontier AI company departure have?

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Subheading. The president can block chip exports and transactions.

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The president has broad authority to control exports via executive order. First, AI chips fall under the Export Administration Regulations, EAR, over which the President has direct control. This grants the President the authority to modify items under export control at will.

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There is also substantial legal precedent to support export restriction in the case of mass export of chips by a US-based company. EAR powers have previously been used to restrict exports of products to Huawei. Although the departure of a U.S.

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company might not involve the sale of assets, physically relocating controlled items out of the United States constitutes an export under EAR, and preventing it would be in the President's authority.

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Second, the President could invoke the International Emergency Economic Powers Act, IEPA, to freeze any asset or block any transaction in which a foreign country or national has an interest under the condition that there be an unusual and extraordinary threat from abroad.

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This last clause has been interpreted broadly and would likely encompass threats related to frontier AI capabilities falling outside U.S. control. Importantly, the act applies even if a frontier company could leave the U.S.

Chapter 7: How does current political will affect AI companies' ability to leave?

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without moving chips or data centers, because such a move would almost definitely require some transactions with foreign entities. The government could block the movement of corporate funds, physical assets, and intellectual property like model weights. This authority has been used to restrict US investment in chips abroad.

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Importantly, changing export controls and invoking the IEPA do not require approval from Congress, in contrast with expropriation or nationalization. Both laws would make it a crime to attempt such exports, violations of which could lead to prison time.

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Ultimately, the impact of export controls depends on the company's reliance on US-based chips, which I argue will be high in companies can't leave without their US-based assets.

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In any case, the asset freezes under the IEPA would likely be crippling. Subheading. Companies can't get their US assets out against the government's will.

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It would likely be impossible for a company to leave the US secretively. A large-scale move of personnel would require coordination of hundreds if not thousands of staff and large-scale transfers of physical and financial capital, which would generate massive media coverage and so is basically certain to be noticed by the government.

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Despite the prevalence of chip smuggling in general, this would be nearly impossible for a frontier company. There's a list of bullet points here. Chip smuggling is often performed in batches of a few thousand whereas a frontier company would need to move millions of chips. Major frontier companies are already subject to a great deal of government scrutiny and carefully track their chips.

Chapter 8: What are the challenges of relocating AI companies internationally?

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Chip smuggling is also becoming increasingly difficult. The AI Action Plan specifies plans to implement location verification on AI chips, and NVIDIA has built the requisite technology. Political will to prevent smuggling is strong, which has led to a number of new bills seeking to improve enforcement.

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Since chips in use are concentrated in data centers, government monitoring and securing would be particularly easy. That's the end of the list. Furthermore, all U.S.

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companies would be subject to any restrictions, so large cloud providers, banks, shipping companies, or advisors that assist in the relocation would also face legal ramifications. Any company that illegally moves would have to move large amounts of data, chips, and assets essentially alone, making it easy to detect and almost impossible.

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Subheading. Companies can't leave without their US-based assets.

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A company could decide on the desperate strategy of cut losses and escape. After all, the measures I've identified probably don't prevent individuals leaving with their private money. However, I think such a strategy would cost the company its competitive position unless it is already extremely far ahead of all other companies.

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Chip restrictions would likely be a major barrier to relocation because a significant proportion of compute used by frontier companies is likely in the US, as Microsoft, Amazon, and Google, the primary sources of data centers, have almost all of their AI data centers in the US. The US government is likely to aim to keep it that way.

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Other countries like Saudi Arabia may build additional data centres, but ensuring US-based compute remains necessary for companies to stay at the frontier aligns with existing policy goals. Even if a company heavily invested in data centres abroad or in space, the chip supply chain would remain a bottleneck.

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The EAR would make it difficult to replace existing chips or buy new ones, because the government could pressure chip manufacturers to cut off the company by threatening the manufacturer's access to US origin equipment and software. A relocating company would essentially need to find a completely new supply chain, a task that is prohibitively difficult.

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Even if chips could be moved, any company that leaves the US would also take a significant financial hit, losing access to US-based bank accounts, US investors, and US banks. Notably, any international bank that wishes to do business in the US, essentially every major global bank, would be off-limits for such a company.

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