Cathie Wood Blames Anthropic’s CEO for AI Panic: Why Attack a Company Her Fund Backs?
Cathie Wood blamed Anthropic chief government Dario Amodei for a lot of this 12 months’s gloomy synthetic intelligence (AI) headlines. Her personal enterprise fund backs Anthropic.
On November 5, the Nasdaq fell 5.52% after Democrats swept the midterms and traders feared limits on information facilities. Voters backed restrictions in 39 of 45 information heart poll measures.
Why Cathie Wood Turned on Anthropic’s CEO
In ARK Invest’s month-to-month video on Friday, Wood mentioned Amodei’s warnings of large job losses and a 10% probability of human extinction inside a decade fed the damaging headlines.
“I can’t perceive why he’s been saying it,” she said.
She additionally cited Ramp information displaying the highest 1% of corporations spend practically $10,000 per employee a month on AI. Most spend $15, a hole she says reveals AI remains to be early.
She expects a labor scarcity, not job losses. The US added 165,000 jobs in October in opposition to 65,000 anticipated, and unemployment fell to 4.1%.
The struggle can also be about ARK’s cash. ARK’s website says its Venture Fund offers traders publicity to Anthropic, OpenAI, and SpaceX. Wood praised the “unimaginable success” of OpenAI and Anthropic.
That success wants information facilities. UBS estimated that building pauses might put about 30% of deliberate 2028 US information heart capability in danger.
What Amodei Actually Warned About
In May 2025, Amodei warned AI might wipe out half of entry-level workplace jobs and push US unemployment to 10% to twenty% inside 5 years.
The extinction determine, nonetheless, shouldn’t be his. Axios attributed odds above 10% to Evan Hubinger, who leads Anthropic’s workforce on holding AI secure.
“We actually do earnestly consider AI might kill all people,” Axios reported.
Amodei’s personal estimate, given to Axios in 2025, is a 25% probability that issues go “actually, actually badly.”
Wood did concede that electrical energy costs have gone up.
Since 1958, US shares have normally gained roughly 13% to 14% within the 12 months after a midterm, she famous. Fundstrat’s Tom Lee has additionally urged traders to buy the AI dip.
The sell-off has already spilled into Asian markets. For AI shareholders, the following sign is whether or not states flip these poll votes into building pauses.
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