According to CoinMeta, former researcher Jacob Coxon warned during testimony before the New York City Council that if the current path of technological development continues, it is very likely that humans will lose control over AI, which could even lead to extinction. He criticized the current methods of building advanced systems, calling them extremely reckless. Coxon pointed out that four AI companies refused to quantify the catastrophic risks, and Julie Menning, a spokesperson for the City Council, expressed dissatisfaction with this, stating that the idea of self-regulation by technology is “against common sense.” A total of 51 members of the City Council attended this hearing, and Menning mentioned that ten new bills are under consideration, including the requirement for third-party verification before selling any AI systems in the city.