Cathie Wood, head of ARK Invest, has criticized Anthropic CEO Dario Amodei for his public warnings regarding the risks of artificial intelligence. Wood expressed confusion over Amodei's statements about potential job losses and extinction risks, noting that her firm’s venture fund is an investor in Anthropic.
Data from Ramp indicates a significant disparity in AI spending among US companies. The top 1% of businesses spend nearly $10 000 per employee monthly on AI, while the median spend is $15. In July, the top 1% reached a record median of $7 400 per employee, compared to $650 for the top 10%.
Market concerns have intensified following the November 5 decline of the Nasdaq by 5.52%. Voters in 39 out of 45 ballot measures supported restrictions on data centers. UBS estimates that such construction pauses could impact approximately 30% of planned US data center capacity through 2028.
Goldman Sachs reports that states considering restrictions account for 45% of planned US capacity, with Texas representing 25%. Despite these concerns, Wood anticipates a labor shortage rather than mass unemployment, citing October data where the US added 165 000 jobs against an expected 65 000.
Amodei previously projected in May 2025 that AI could eliminate half of entry-level office roles and raise unemployment to 10%–20% within five years. He also estimated a 25% probability of severe negative outcomes, while other researchers have discussed higher risks regarding human extinction.
