Jim Cramer · Anthropic · Dario Amodei · San Francisco · OpenAI · CNBC Technology
Cramer bets AI spending will 'continue apace,' says he's not giving up on data center trade
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CNBC's Jim Cramer said Wednesday that he's sticking with the AI trade despite a turbulent few days on growing safety concerns.
Key facts
- Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of CRWD and PANW
- CNBC's Jim Cramer said Wednesday that he's sticking with the AI trade despite a turbulent few days on growing safety concerns
- That debate accelerated after Anthropic CEO Dario Amodei published an essay over the weekend calling for frontier AI labs to slow model development to give safety measures more time to catch up
- I think the spending will proceed apace," the " Mad Money " host said, because Anthropic and OpenAI are growing revenue because of their investments
Summary
After spending the week at Salesforce's annual Dreamforce conference in San Francisco and speaking with some of the biggest names in AI, Cramer said he expects spending on the technology to continue despite an intensifying debate over whether the AI industry is moving too quickly in developing powerful models. That debate accelerated after Anthropic CEO Dario Amodei published an essay over the weekend calling for frontier AI labs to slow model development to give safety measures more time to catch up. "I think the spending will proceed apace," the " Mad Money " host said, because Anthropic and OpenAI are growing revenue because of their investments. "That's why after the Fed fallout abates I think these companies that make components for the data center are all buys," he added.