Bessent, Powell Summon Bank CEOs to Urgent Meeting Over Anthropic's New AI Model

Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell summoned Wall Street leaders to an urgent meeting on concerns that the latest artificial intelligence model from Anthropic PBC will usher in an era of greater cyber risk.

Fed Chair Jerome Powell, Treasury's Bessent and top bank CEOs met over Anthropic's Mythos model

Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.

Anthropic and Wall Street giants prepare $1.5 billion project to sell AI to businesses – Oninvest

Investors in the project include Blackstone and Goldman Sachs, The Wall Street Journal has learned

Mark Zuckerberg Just Got Rather Badly Humiliated

Google informed Meta in March that it couldn't provide all the Gemini AI capacity that Meta was asking for, humiliating CEO Mark Zuckerberg.

Meredith Whittaker on Twitter / X

Now that even Goldman, Sequoia, and other major investors are calling it, it's good to remember that the shakiness of the AI market, and the mismatch between capex and ROI, has been clear for a long time to those of us who look closely at the political economy of AI. https://t.co/dLLNAcW5Sn— Meredith Whittaker (@mer__edith) July 30, 2024

An AI CEO finally said something honest

24K votes, 828 comments. Dax Raad from anoma.ly might be the only CEO speaking honestly about AI right now. His most recent take: “everyone's talking…

AI is probably not a bubble

AI companies have revenue, demand, and paths to immense value

AI is probably not a bubble

AI companies have revenue, demand, and paths to immense value

The AI bubble isn’t new — Karl Marx explained the mechanisms behind it nearly 150 years ago

OpenAI CEO Sam Altman’s warning of an AI bubble highlights a deeper economic problem: capitalism is producing more capital than it can profitably invest.

AI CEOs are fear-profiting

AI CEOs are winning investors but risk losing customers with messaging.

The loudest warning about AI and jobs yet

200 economists and AI leaders say something big is happening. What should we do about it? Plus: Apple sues OpenAI

Why the man behind 'The Hater's Guide to the AI Bubble' thinks Wall Street's hottest trade will go bust

AI CEO – Replace Your Boss Before They Replace You

Stop working for humans. AI CEO delivers algorithmic thought leadership, with instant decisions, and zero ego. Replace your boss before they replace you.