Anthropic's Dario Amodei said swarms of rogue AI agents could take over the internet in six months time if development goes uncontained. #
Stocks are falling on Monday as oil climbs and tech companies seek to pace the development of frontier AI models.
The Dow Jones Industrial Average declined 0.14%, while the S&P 500 did so 0.45%. The tech-heavy Nasdaq Composite underperformed, falling 0.68% at 10:10 a.m. ET.
Top AI leaders agreed during the weekend on the need for a slower pace for frontier AI development. They did after Anthropic CEO Dario Amodei published an essay in which he said companies should slow the rate at which they improve the capabilities of their most advanced models while continuing AI research and development.
SpaceX CEO Elon Musk, OpenAI CEO Sam Altman and co-chair of Google DeepMind Demis Hassabis all endorsed the publication.
Altman said in another publication that "there are two ways AI progress could go very badly and that we must avoid."
"First, we could lose control of the future to AI. This is unacceptable; we are unapologetically on Team Humanity, and AI must always serve people. To ensure that, we need ways to ensure that alignment and safety techniques stay ahead of progress in model capabilities,"
He went on to say that people "could end up in a world with too much concentration of power. If an extraordinarily powerful AI is used by one person or company to impress their worldview onto everyone else, the results could be extremely dystopian."
"Avoiding these two threats requires walking a narrow middle path; for example, one country could gain too much power. Another example is one lab ending up with too much power," Altman added.
President Donald Trump, in turn, appeared to dismiss the calls, saying "we're leading China in AI, we're the most sophisticated country in the world, and frankly I want to keep it that way." "Whoever wins AI wins," he added.
Elsewhere, oil prices keep climbing after Saudi Arabia shut down its key East-West pipeline after sustaining multiple attacks last Friday, further threatening its oil exports. And a meeting between Gulf countries to discuss reopening the Strait of Hormuz was called off without a new set date.
Citing sources familiar with the matter, Reuters detailed that Riyadh could take up to six weeks to fix the pipeline if it doesn't get hit again. Another estimate claimed that the work could take less and partial pumping could resume as well.
However, should the country not manage to resume exports, about 4% of the global oil supply could come under threat.
As for the meeting, Omani Foreign Minister Badr Albusaidi said on Sunday that "In the interests of consensus the regional meeting set for tomorrow in Salalah has been postponed."
A regional source with knowledge of the matter told CNN that diplomats hoped the meeting would create momentum for a potential deal even if countries still don't fully agree on a framework that could ultimately allow Iran and Oman to collect fees for passage.
However, Saudi Arabia had submitted amendments to the framework over concerns that it could a new status quo that wouldn't be acceptable to other countries. While mandatory fees are rejected, there was willingness to consider voluntary contributions.
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