Calls to rein in the development of ever more powerful AI models are fuelling fears over the massive capital outlays in the sector -- and the prospect that profits from the promised revolution might not be enough to cover them. Anthropic meanwhile is gearing up for an imminent IPO to raise further billions for its unprecedented spending on development as well as massive data centres for its power-hungry models.

Sam Altman and Dario Amodei back slower AI development, raising concerns over AI stocks, Nvidia, AMD, Micron and future AI spending. | Business News

Anthropic CEO Dario Amodei called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon…

Amid a safety freakout, it wants to slow down AI development | World News

Global tech and AI-linked stocks plummeted as investors reacted to growing safety concerns and calls from industry leaders like Anthropics CEO to decelerate AI development,…