AI Is Harmful To Investors, Not Humanity; Anthropic Is Hyping IPO

Damir Tokic 14.75K Followers Follow Summary Anthropic CEO Amodei's "doomsday" warning is basically the signal that AI is near singularity, but in reality, we are nowhere near singularity, which might never be reached. Hyperscalers need Singularity to justify AI CapEx; otherwise, AI CapEx will be a wasted investment, and this bursts the AI bubble. Amodei's warning appears to be the pre-IPO hype in a situation where AI fundamentals are deteriorating quickly given the crashing token prices. Getty Images Apocalyptic warnings Anthropic ( ANTHRO ) employees and its CEO, Amodei, have made apocalyptic warnings about AI - literally warning that AI could lead to human extinction within 10 years. Altman from OpenAI ( OPENAI ) and This article was written by Damir Tokic 14.75K Followers Follow Commodity Trading Adviser (CTA), member of National Futures Association. Professor of Finance, research on Global-macro issues. Editor-in-Chief, Journal of Corporate Accounting and Finance. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.