Tech CEOs Debate Pace of Frontier AI Development Ahead of Fed Decision
Leading AI and tech executives voiced support for slowing the development of advanced AI models, prompting industry debate as investors await the Federal Reserve's rate decision.
Investors are awaiting the Federal Reserve's interest-rate decision while monitoring reactions to an essay by Anthropic chief executive Dario Amodei that called for a slower pace in developing frontier AI models and for government oversight. Amodei's remarks sparked responses from several high-profile technology leaders. > OpenAI chief executive Sam Altman posted on X that he agrees with Amodei and said "we need to pace the frontier." > SpaceX founder Elon Musk also wrote on X that Amodei is correct and noted his long-standing concerns about AI risks, adding that he is open to peer-review arrangements among AI firms. Nvidia chief Jensen Huang, speaking at the All In Summit, acknowledged the importance of safety but described predictions of AI causing human extinction as fictional. The discussion comes as market participants watch futures for the Dow, S&P 500 and Nasdaq ahead of the Fed meeting.