It's the "If we don't, someone else will" effect. So long as there are competitive markets and competition between nation-states, a single player cannot unilaterally defect from the race, no matter how dangerous it is. Half the comments on HN lately are "wtf Claude is so dumb compared to Codex; I'm switching"-- nobody can slow down while those exist.
We, globally, can stop it. It has worked (so far) for nuclear disarmament, and could work for training large models. I know that policing the usage of computer clusters is not a popular opinion in technical forums, but something has to be done.
Specially when talking about potential superintelligences. And if people think that's impossible, remember that current models would have been considered science fiction just a few years ago.