Business

Insider warnings over AI fall flat with some in Silicon Valley

Published

2 hours ago

13 September 2026

Each September, a who’s who of executives from across Silicon Valley descends on San Francisco’s Palace Hotel to charm investors at a conference hosted by the investment bank Goldman Sachs.

This past week, between talk of growth and potential returns, tech titans found themselves addressing the abrupt resignation of Anthropic researcher Jacob Coxon.

Coxon, a 27-year-old who worked at OpenAI before joining its chief rival Anthropic, said on Tuesday that people building artificial intelligence (AI) believed the technology could destroy humanity.

They are “gambling with our lives”, he said, “these will soon be superhuman systems that can hack anything”.

Coxon is by no means the first AI insider to publicly sound the alarm. There have been a string of high-profile resignations from both Anthropic and OpenAI in recent years over apparent safety concerns, and some current Anthropic employees even echoed Coxon’s post.

“We really do earnestly believe AI could kill all humans! I personally think it is >10% within the next decade,” a team lead at Anthropic, Evan Hubinger, posted on X.

While Coxon said explicitly in his posts that his warnings were “not marketing”, some executives and investors in Silicon Valley have reacted with scepticism to a recent flurry of insiders sounding the alarm.

Anthropic and OpenAI are reportedly preparing for potentially record-setting initial public offerings, and some in the tech sector have suggested the latest stark comments about the dangers of AI may be designed to generate hype by signalling the power of these products.

Anthropic’s boss, Dario Amodei, has come under fire for saying AI technology could wipe out half of entry-level white-collar jobs and will “test who we are as a species”.

One conference speaker, Grindr CEO George Arison, told the BBC he believed this week’s comments from Coxon and others were indicative of an “anti-civilisational worldview at Anthropic”.

He called them “dangerous” and said they had prompted him to instruct some engineers at the LGBTQ+ dating app to stop using Anthropic’s technology.

“It is irresponsible for us as stewards of our shareholders’ money to be relying on a business that does what this company does, in terms of its public statements,” he said.

“Maybe they actually believe it,” Arison said. “Or you could argue they’re saying it because it’s a great way to gin up more investor support, because the only way to justify these valuations is to actually claim: ‘I’m going to take over every industry and I’m going to take over every job, and my AI is going to be doing all that work.’”

Anthropic was valued at $965bn (£713bn) in its most recent fundraising round earlier this year.

The BBC has asked Anthropic for a response to the statements.

In an essay posted early on Saturday, Amodei called for a slowing of AI model development and global regulation – and said the risks associated with AI were “serious”.

Business

Wall Street Week Ahead | Seeking Alpha

Published

16 minutes ago

13 September 2026

NewsAdmin

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.

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Fed decision takes center stage

Wall Street heads into Fed week with Wednesday’s interest-rate decision set to dominate trading, as investors await what would be the central bank’s first rate increase of the current cycle.

Federal funds futures imply an 85% probability of a 25-basis-point hike when the Federal Reserve announces its decision at 2 p.m. ET. With the move largely priced in, attention will turn to the policy statement and Fed Chair Kevin Warsh’s 2:30 p.m. press conference for clues on whether additional tightening is likely.

Investors will also get a fresh read on the consumer Wednesday morning, when August retail sales are released ahead of the Fed decision. The data could shape the final market setup going into the announcement.

Salesforce (CRM) will hold an investor day and analyst session Wednesday during its Dreamforce event, while Lennar (LEN) is among the week’s notable earnings reports.

Elsewhere, the SEC will hold a Thursday roundtable on preparations for 24-hour trading, with major exchanges, brokers and market makers participating. The Bank of England also announces its latest policy decision Thursday, while Friday brings triple witching.

Earnings spotlight: Monday, Sept. 14: Dave & Buster’s (PLAY). See the full earnings calendar.

Earnings spotlight: Wednesday, Sept. 16: Lennar (LEN). See the full earnings calendar.

Earnings spotlight: Thursday, Sept. 17: Carnival (CCL). See the full earnings calendar.

Earnings spotlight: Friday, Sept. 18: VinFast (VFS). See the full earnings calendar.

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Published

2 hours ago

13 September 2026

NewsAdmin

Xenon: Epilepsy Got It To $59; Depression Has To Take It From Here (NASDAQ:XENE)

Hey this is Sam, an independent investor with a degree in Finance from the University of Oklahoma. I have been investing my own money for several years, with a focus on finding companies that may be overlooked, misunderstood, or valued too conservatively by the market.I am most interested in small and mid sized companies with strong growth potential, especially within technology, artificial intelligence, financial technology, aerospace, and digital infrastructure. I am drawn to businesses operating in growing markets. I also look outside these areas when I find a company with a compelling valuation or an overlooked catalyst.My investing approach combines fundamental research with valuation, market sentiment, and technical analysis. I review financial statements, earnings reports, investor presentations, management commentary, industry trends, and competitive positioning before forming a thesis. I pay particular attention to revenue growth, margins, balance sheet strength, dilution risk, and whether current expectations already appear reflected in the share price.I write independently and am not affiliated with an investment firm. I joined Seeking Alpha to share research on companies that I believe deserve a closer look. My goal is to present a clear investment case, explain what could drive the stock higher, and address the risks that could prove the thesis wrong.

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