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
Report - Brace for Impact: Protecting People and the Economy when the AI Bubble Bursts — Open Markets Institute
Our report in partnership with Americans for Financial Reform outlines vulnerabilities in the financial system and wider economy that could intensify an AI crash into the next financial crisis, and provides steps that policymakers can take to mitigate the damage and protect everyday people from bear
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.
How a billionaire-backed network of AI advisers took over Washington
A sprawling network spread across Congress, federal agencies and think tanks is pushing policymakers to put AI apocalypse at the top of the agenda — potentially boxing out other worries and benefiting top AI companies with ties to the network.
The "Big Short" Guy Who Called (And Cashed In On) The 2008 Housing Bubble Just Bet Against the AI Bubble While Betting on Financial Armageddon In The US
Michael Burry looked at the most hyped trade in human history and said “nah.” You should probably pay attention.
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