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Who would buy shares in a company that might destroy humankind? You might think “nobody”, but the boss of Anthropic has caused a stir by saying his and other AI labs should slow down their models’ development. Some Anthropic engineers think there is a chance AI will wipe out humanity this decade. All the while, Anthropic is preparing an IPO. Potential investors may need a pause to think too.
The oil business, while much more mature than the AI industry, is also navigating risk and opportunity. On the eve of the Iran war many investors were bracing for leaner times—oil prices were falling amid a “super glut” in supply. But all that has changed. What will the industry do with its windfall? |