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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[–] [S] 15 points 6 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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