The Pace Is Unlikely To Slow

Tech Contrarians Investing Group Leader Follow Summary Anthropic's CEO Dario Amodei is calling to pace AI development, and both Altman and Musk agree, causing markets to crash this Monday. While we don't think the market reaction is ill-founded, we don't see any real slowdown happening beyond aesthetic safety measures and third-party evaluations. We think this is better thought of as big tech trying to buy time in order to figure out how to deal with a growing Chinese threat to AI. With the AI bubble, the U.S.-Iran war, and rate hike fears all weighing on markets, all the negatives are on full blast this September. We see opportunity in buying into the fear. Looking for a portfolio of ideas like this one? Members of Tech Contrarians get exclusive access to our subscriber-only portfolios. Learn More » years/iStock via Getty Images Monday's crash won't last This Saturday, Anthropic ( ANTHRO ) CEO Dario Amodei published a massive 3,800-word blog post titled " We Must Pace the Frontier, " later endorsed by leaders at OpenAI ( This article was written by Tech Contrarians 1.37K Followers Follow We’re a team of former technology engineers turned investors, bringing over 40 years of combined experience. We explain the industry in plain English, so you can invest with confidence and clarity.We’ve also launched a new podcast series called TheTechTalk to bring on industry experts and other SeekingAlpha analysts. 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.