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.

all 7 comments

sorted by: hot top controversial new old
[–] 19 points 1 day 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.

  • source
  • hideshow 2 child comments
  • [–] [S] 15 points 1 day 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.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 13 points 1 day ago (2 children)

    The great squeeze is coming now. We'll see how the planned IPO's of OpenAI and Anthropic go the coming month

  • source
  • hideshow 2 child comments
  • [–] 6 points 1 day ago (1 child)

    Oh wow I wonder if Nvidea and friends can circulate enough cash to make these IPOs work because this could be the big pop.

  • source
  • parent
  • hideshow 1 child comment
  • [–] 4 points 22 hours ago

    Yea the problem might be the lack of physical data centers (there's plenty of imaginary datacenters in the bookeeping lol) to host all the compute. The bonds for Oracle and the others who are supposedly building everything are also in the dumpster, there is not much more cash to go around at all. I think it might be time to pull out of the market soon.

  • source
  • parent
  • [–] 8 points 23 hours ago