AI leaders call for development slowdown
LATEST OpenAI delays IPO and signals possible slowdown
Leaders at OpenAI and Anthropic are calling for a slowdown in artificial intelligence development, citing existential risks. OpenAI has delayed its initial public offering until at least next year in light of these concerns. The development raises questions about the future trajectory of the AI sector.
NOW PLAYING AI fears shake markets, oil surges and Fed hike bets rise | Reuters Morning Bid
OpenAI and Anthropic leaders are calling for a slowdown in AI development due to existential risks, leading OpenAI to delay its IPO until at least next year. This development raises questions about the future of the booming chip and data center industries.
A slowdown in AI development could significantly impact the infrastructure buildout, including demand for chips and data centers, and potentially affect the valuations of major AI companies.
Oil prices surged above $108 a barrel following a Houthi attack on a Saudi pipeline and the collapse of regional talks over the Strait of Hormuz. Markets are pricing in a 90% chance the Federal Reserve will raise interest rates on Wednesday.