Anthropic · Dario Amodei · CoinDesk
'CoinDesk has shed control': Crypto pioneer cautions AI could trigger systemic banking and infrastructure shocks
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Marc van der Chijs, an entrepreneur who co-founded then bitcoin miner Hut 8 (HUT), has become increasingly concerned about the technology to which the company has pivoted: artificial intelligence.
Key facts
- Van der Chijs believes that investors redirecting capital toward AI helped keep bitcoin below the $200,000 to $250,000 levels he and others had anticipated
- The concern marks a shift for an investor who compares AI’s potential today with bitcoin when he entered the market in 2013
- Marc van der Chijs, an entrepreneur who co-founded then bitcoin miner Hut 8 (HUT), has become increasingly concerned about the technology to which the company has pivoted: artificial intelligence
- Van der Chijs’s shift toward a "doomer" outlook mirrors warnings issued by Anthropic CEO Dario Amodei, who urged tech leaders to slow the pace of frontier AI development
Summary
Hut 8 co-founder Marc van der Chijs says competition among companies and nations has accelerated artificial intelligence development beyond human control, potentially putting financial systems and critical infrastructure at risk. He predicts AI and robotics could eventually perform 90% to 95% of existing jobs and sharply reduce costs, forcing governments to consider new revenue sources such as taxes on robots or AI usage. Van der Chijs has shifted much of his investment from bitcoin to AI and favors AI data centers over bitcoin mining, but he still considers bitcoin the best asset to hold for life. “I’ve become more of a doomer over the past week, to be honest,” he told CoinDesk in an interview.