Dario Amodei · Sam Altman · Anthropic · OpenAI · Nvidia · Intel · Decrypt
Bitcoin Climbs as AI Slowdown Calls Sink Nvidia, Intel and Other Chip Stocks
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The growing calls for an AI slowdown, many of which coming from within the industry itself, are sending shockwaves throughout the market, sinking AI-related stocks.
Key facts
- The largest cryptocurrency climbed as high as $78,280, up nearly 2% since midnight UTC and about 4.8% below this month's $82,284 record
- Nvidia fell as much as 3% Monday, Intel dropped more than 5%, and AMD sank about 6%
- The Senate holds a cloture vote Tuesday, and with Republicans controlling 53 seats and at least two expected to vote no
- Over the weekend, Anthropic CEO Dario Amodei published a lengthy essay called "We Must Pace the Frontier,” arguing the AI industry needs to deliberately slow how fast it improves model capabilities
Summary
Anthropic CEO Dario Amodei has called on AI labs to deliberately slow capability gains for safety reasons; OpenAI's Sam Altman and xAI's Elon Musk both said they agree. Nvidia, Intel, AMD and Marvell led a chipmaker selloff Monday, with the Philadelphia Semiconductor Index down almost 6%. Bitcoin climbed as high as $78,280, adding nearly 2% since midnight UTC, while gold, silver, and most AI-linked stocks fell. Meanwhile, crypto is so far unaffected, with Bitcoin today climbing—perhaps partly due to bullish regulatory news as the Clarity Act gets a second life.