Congress should build an independent fund that accepts contributed equity from any company, holds it in a diversified portfolio and dedicates the returns to the trust funds.

Congress should build an independent fund that accepts contributed equity from any company, holds it in a diversified portfolio and dedicates the returns to the trust funds.

TOKYO — When America’s AI bubble bursts, it will be a bad day for Nvidia and Intel. In Seoul, Taipei and Tokyo, it will be a national crisis. AI has become, almost overnight, what China once was for Asia: the growth engine everyone depends on. Investors from South Korea to Taiwan to Japan should spend […]

The post Asia’s AI boom could turn from hero to zero overnight appeared first on Asia Times.

Anthropic, developer of AI chatbot Claude, has filed its prospectus and is expected to go public on Wall Street in November at a valuation of up to US$2 trillion. That would make it the highest-valued initial public offering (IPO) ever, ahead of SpaceX’s $1.77 trillion listing in June. OpenAI, the maker of ChatGPT, is expected […]

The post Anthropic’s record $2tn IPO could bring global risks to a head appeared first on Asia Times.

Just weeks before its scheduled November IPO, Anthropic is facing growing attention over the potential dangers of its technology. The resignation of former Anthropic researcher Jacob Coxon on September 8, who wrote on X that AI could “kill us all by the end of the decade,” preceded the company’s threat report on September 10. According […]

The post AI’s apparent danger is its best selling point appeared first on Asia Times.