AI-linked stocks fall following call for development slowdown worries investors – business live

A report from The Guardian — Business focuses on “AI-linked stocks fall following call for development slowdown worries investors – business live” and sets out the main development contained in the supplied source material.

Rolling coverage of the latest economic and financial news AI CEOs say they need to slow the pace of development. The report also notes that But is expected to they? The Guardian view on controlling AI: humanity cannot outsource its survival The Financial Times are reporting that Anthropic has told its backers it is expected to be profitable this quarter. This might allay investor concerns about the aggressive cash burn of frontier AI companies ahead of Anthropic’s blockbuster initial public offering. The company has told a small group of shareholders that its adjusted operating income is expected to be positive for the second consecutive quarter, as reported by multiple people with knowledge of the matter. The measure strips out costs including stock-based compensation. Anthropic’s gross margins are above 80 per cent ahead of accounting for revenue shared with distribution partners, including Amazon, and the cost of training its models, as reported by two of the people. LLMs are not AI and won’t be AGI. There is nothing AI to slow down. Competition is coming up fast, slowing benefits incumbents. IPOs need hype & puffery; “we are so awesome it could become dangerous” is hype & puffery Cover for real uncontrollable slowing growth as IPOs look to be pushed out

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