June 17 G7 Évian final day. Amodei + Hassabis proposed to Trump and G7 leaders: structured access to frontier models, chip trade excluding China, joint response to AI risks in cyber/bio/intelligence. Altman also present. Result: voluntary, non-binding G7 AI safety commitments. Key irony: Fable 5 export-controlled just 5 days earlier, yet Amodei proposed institutionalizing that very logic. Judgment: classic regulatory capture — from "being regulated" to "co-writing the rules" where the threshold IS the moat. "Qualified to be restricted = qualified to be protected." G7-level rulemaking access is harder to replicate than technical moats. "Exclude China" framework strengthens Chinese open-source "only available option" narrative in non-US markets.