Rolling coverage of the latest economic and financial newsAI CEOs say they need to slow the pace of development. But will they?The Guardian view on controlling AI: humanity cannot outsource its survivalThe Financial Times are reporting that Anthropic has told its backers it will be profitable this quarter.This might allay investor concerns about the aggressive cash burn of frontier AI companies ahead of Anthropic’s blockbuster initial public offering.The company has told a small group of shareholders that its adjusted operating income will be positive for the second consecutive quarter, according to multiple people with knowledge of the matter. The measure strips out costs including stock-based compensation.Anthropic’s gross margins are above 80 per cent before accounting for revenue shared with distribution partners, including Amazon, and the cost of training its models, according to two of the people.LLMs are not AI and won’t be AGI. There is nothing AI to slow down.Competition is coming up fast, slowing benefits incumbents.IPOs need hype & puffery; “we are so awesome it could become dangerous” is hype & pufferyCover for real uncontrollable slowing growth as IPOs look to be pushed out Continue reading…
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