Calls to slow down development of the most powerful AI models are colliding with an $800 billion investment boom. Could an AI slowdown tank the US economy? The artificial intelligence industry in the United States has powerful forces pulling it in completely opposite directions. Top AI industry leaders are jointly calling for a slowdown in the pace of development, while US President Donald Trump wants to go full steam ahead to beat China and has announced a so-called “Super Intelligence Force,” headed up by former SEC boss Jay Clayton. Meanwhile, the five major US based AI hyperscalers are expected to tip $800 billion into the AI buildout this year according to Goldman Sachs. With the US stock market and GPD growth increasingly dependent on the health of the AI industry, could a slowdown in the pace of AI development tank the economy? Anthropic CEO Dario Amodei wants to “pace the frontier,” slowing advances in the most powerful AI models so that safety research can catch up. His September proposal combines in...
Calls to slow down development of the most powerful AI models are colliding with an $800 billion investment boom. Could an AI slowdown tank the US economy? The artificial intelligence industry in the United States has powerful forces pulling it in completely opposite directions. Top AI industry leaders are jointly calling for a slowdown in the pace of development, while US President Donald Trump wants to go full steam ahead to beat China and has announced a so-called “Super Intelligence Force,” headed up by former SEC boss Jay Clayton. Meanwhile, the five major US based AI hyperscalers are expected to tip $800 billion into the AI buildout this year according to Goldman Sachs. With the US stock market and GPD growth increasingly dependent on the health of the AI industry, could a slowdown in the pace of AI development tank the economy? Anthropic CEO Dario Amodei wants to “pace the frontier,” slowing advances in the most powerful AI models so that safety research can catch up. His September proposal combines in...
MicroStrategy blew up during the dot-com era, before Michael Saylor transformed it into the world's largest corporate Bitcoin holder. Did he learn his lesson? In March 2000, Strategy executive chairman Michael Saylor watched more than $6 billion disappear from his fortune in a single day. MicroStrategy's shares had plummeted more than 60%, thrusting the thirty-five year old software entrepreneur into the center of the dot-com crash. The company later settled civil fraud charges with the US Securities and Exchange Commission over its accounting practices without admitting or denying wrongdoing. MicroStrategy did not cause the dot-com bubble to burst, but the saga was one of the era's high-profile corporate blowups and the company became a symbol of the periods excesses and risks. Read more