Four tech billionaires walk into a mansion. It sounds like the setup for a punch line, but it also forms nearly the entire conceit behind "Mountainhead," a savagely entertaining but somewhat shallow new satire written and directed by Jesse Armstrong, the creator of "Succession." The film, which is streaming on HBO's Max, is a sort of chamber play, its stage a modernist castle in Utah--the Mountainhead of the title--overlooking snowy peaks. The players are a quartet of friends, or, more accurately, frenemies, who resemble a mishmash of real-world Silicon Valley founders. Steve Carell plays Randall Garrett, the group's Peter Thiel-esque mentor who, not unlike the late Steve Jobs, has cancer that his doctor tells him is incurable.

For the quartet of tech billionaires in Jesse Armstrong's Mountainhead, ideas are so powerful that nothing else seems real. Holed up in a resplendent snowy retreat built by meditation-app developer Hugo Van Yalk (Jason Schwartzman), they're glued to their phones as the outside world is erupting into chaos, thanks in no small part to the wildfire spread of A.I. deepfakes on the social media platform owned by the world's richest man, Venis Parish (Cory Michael Smith). People in Gujarat are being burned alive after being falsely accused of desecrating religious symbols, and Midwestern Americans are machine-gunning each other over minor disagreements, but for these four men, the widespread devastation is in some ways proof of concept that they're as important as they believe themselves to be. And besides, those bodies going up in flames are just images on a tiny screen, so distant they might as well be theoretical. As he trudges through the snow with Randall (Steve Carell), the venture capitalist who serves as the group's self-appointed philosopher king, Venis asks him, "Do you … believe in other people?"

Jesse Armstrong loves to pull fictional stories out of reality. His universally acclaimed TV show Succession, for instance, was inspired by real-life media dynasties like the Murdochs and the Hearsts. Mountainhead, which releases on HBO on May 31 at 8 p.m. ET, portrays four top tech executives who retreat to a Utah hideaway as the AI deepfake tools newly released by one of their companies wreak havoc across the world. As the believable deepfakes inflame hatred on social media and real-world violence, the comfortably-appointed quartet mulls a global governmental takeover, intergalactic conquest and immortality, before interpersonal conflict derails their plans. Armstrong tells TIME in a Zoom interview that he first became interested in writing a story about tech titans after reading books like Michael Lewis' Going Infinite (about Sam Bankman-Fried) and Ashlee Vance's Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future, as well as journalistic profiles of Peter Thiel, Marc Andreessen, and others. He then built the story around the interplay between four character archetypes--the father, the dynamo, the usurper, and the hanger-on--and conducted extensive research so that his fictional executives reflected real ones.

It's late morning on a Monday in March and I am, for reasons I will explain momentarily, in a private bowling alley deep in the bowels of a 65 million mansion in Utah. Jesse Armstrong, the showrunner of HBO's hit series Succession, approaches me, monitor headphones around his neck and a wide grin on his face. "I take it you've seen the news," he says, flashing his phone and what appears to be his X feed in my direction. Everyone had: An hour earlier, my boss Jeffrey Goldberg had published a story revealing that U.S. national-security leaders had accidentally added him to a Signal group chat where they discussed their plans to conduct then-upcoming military strikes in Yemen. "Incredibly fucking depressing," Armstrong said.