Global equities fell as a selloff in the artificial-intelligence trade gathered speed and pushed investors toward the safety of bonds.

S&P 500 futures were down 0.3 percent while Nasdaq 100 contracts retreated 1.2 percent. The leg lower came as Anthropic PBC disclosed $16.8 billion in third-quarter growth to prospective investors, figures that suggested the pace of growth had slowed even as it remained robust.

An exchange-traded fund tracking chipmakers signaled the sector’s six-day selloff was set to continue. CoreWeave Inc. fell a further 6 percent in premarket trading after Wednesday’s 15 percent rout when its bonds also dropped to levels that typically show distress.

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[–] 19 points 8 hours ago (2 children)

The Twitter discourse among AI tech bros has gotten positively millenarian. They would have you believe that all work will be done by AI powered robots in nine months.

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  • [–] [S] 15 points 7 hours ago (1 child)

    I think this talk of “super intelligent AI, a risk to civilization” and “oops our hacker bot hacked a website, it’s too intelligent to be controlled” are because Anthropic and OpenAI are losing market share to open weights models in a big way, so they’re scare mongering to try and get regulators to ban “Chinese models” or any competition.

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