Anthropic CEO Calls for Slower AI Development but Doesn't Curb Chip Demand
On September 12, Anthropic CEO Dario Amodei published an essay urging the leading artificial intelligence (AI) labs to slow down their development pace and prioritize safety. The call has sparked market concern, with Nasdaq futures falling on Sunday evening as investors weighed AI-related risks. However, nothing in the essay suggests reducing chip purchases or slowing demand for hardware like those produced by Nvidia. Nvidia's stock had already fallen about 5% before the essay was published and is still projected to report $108 billion in revenue this quarter. The company’s growth remains robust, with data center sales reaching $89 billion in Q2 FY27 — up 117% year-over-year. CEO Jensen Huang attributed continued demand to multiple frontier AI labs scaling their operations. Amodei's proposal focuses on oversight and safety coordination among democratic nations rather than curbing spending or technical progress. The essay also calls for restrictions on selling advanced chips to China, but it does not ask companies like Anthropic itself — a major chip buyer — to reduce orders.
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Topics: Artificial Intelligence Corporate Responsibility Nvidia (NVDA) Stock Market Reaction