Ark's Wood says global AI leaders' pledge is positive for technology development | Reuters
Top line
Ark Invest founder Cathie Wood supports AI leaders' pledge to slow technology progression as a positive step for industry safety and cybersecurity focus.
Summary
Ark Investment Management founder Cathie Wood has expressed support for AI industry leaders' pledge to slow the rapid progression of artificial intelligence, viewing it as a constructive measure for long-term industry safety. Prompted by Anthropic CEO Dario Amodei and supported by figures like Elon Musk and Sam Altman, the slowdown discussions have impacted global AI stock prices. While OpenAI announced it will delay going public past 2026 due to safety concerns and some researchers raised extreme risk warnings—which Wood dismissed as exaggerated—industry leaders emphasize that heightened scrutiny will ultimately bolster cybersecurity and structured development.
Highlights
- Ark Investment Management founder Cathie Wood stated that AI leaders' pledge to slow rapid technology progression is a positive step for safeguarding the industry.
- Anthropic CEO Dario Amodei called for slowing model capability advancements over misuse concerns, receiving backing from xAI and Tesla founder Elon Musk and OpenAI CEO Sam Altman.
- Global AI stocks experienced a decline following the announcement, impacting equity markets and Asian stocks.
- Wood's Ark funds hold investments in companies such as Tesla, SpaceX, OpenAI, and Anthropic.
- Sam Altman announced that OpenAI will not go public in 2026 due to safety concerns, following warnings from Anthropic researchers regarding extreme AI risks.
- While Wood dismissed extreme extinction risk claims as ridiculous, she acknowledged they help focus global attention on cybersecurity.
- U.S. lawmakers are calling for new rules to govern AI systems, while President Donald Trump stated the U.S. is already equipped to regulate and prosecute AI companies.
Related Items