Cathie Wood Backs AI Slowdown but Calls Extinction Fears ‘Ridiculous:’ What Do Prediction Markets Say?
Cathie Wood, the founder of ARK Invest, dismissed warnings that artificial intelligence could lead to human extinction as "ridiculous." She supports the industry's call for a slowdown in AI advancements to ensure safety measures catch up. However, she anticipates President Donald Trump will block new federal AI regulations. Polymarket traders assign a 19% probability of a U.S. AI safety law passing before 2027, based on approximately $114,000 in trading activity.
Wood welcomed the industry's pledge to address AI's risks, drawing from her experience during previous tech and telecom bubbles. While she rejected an estimate that there's a greater than 10% chance AI will wipe out humanity within the next decade, she suggested that safety concerns could enhance AI demand, particularly for models capable of identifying and fixing software vulnerabilities.
Nvidia Corp. and the Philadelphia Semiconductor Index both fell following the safety warnings, while CrowdStrike Holdings Inc. saw a significant jump in stock price.
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