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A smartphone displaying the OpenAI logo above the word "Anthropic." Imen Ben Youssef | Afp | Getty Images Hello, this is Leonie Kidd coming to you from London. Welcome to another edition of CNBC's Daily Open. Most days, they are arch rivals looking to gain an edge on one another in the most significant space since the Internet.
But in a rare moment, the bosses of Anthropic, OpenAI and xAI have come together to support the view that the development of AI models should slow down amid growing fears over the technology's capacity to cause harm. However, President Donald Trump seems to have little desire to cede America's place in the AI race. Read on for more.
What you need to know today Anthropic CEO Dario Amodei has called on AI companies, including his own, to slow the blistering pace of model development, which has raised serious concerns about the safety of the technology. In an essay published on Saturday, he warned that "building too fast is reckless." Rivals in rare truce The leaders of Anthropic's key rivals, OpenAI and xAI where quick to lend their support. Elon Musk responded to the essay on X, saying "Dario is right." Separately, OpenAI CEO Sam Altman also took to X to say "I agree with Dario that we need to pace the frontier." The China dilemma But Amodei also acknowledged the "toughest dilemma" about his proposal to slow AI's development was if other nations, namely China, chose not to follow suit.
And this concern was amplified by U.S. President Donald Trump . During a trip to Ireland, he largely rejected the AI bosses' calls , saying, "Look, we're leading China in AI... and, frankly I want to keep it that way because whoever wins AI, wins." Public plans Oil oscillations Big week for central banks It's an important week for central banks, with the Federal Reserve kicking off its two-day policy meeting on Tuesday, the Bank of England meeting on Thursday, and the Bank of Japan meeting concluding on Friday.
The decisions come as the U.S. 10-year Treasury yield closes in on 5% . Stock futures on Wall Street are lower in early Monday trade , while equities across Asia are mixed ahead of the European open. — Leonie Kidd And Finally... LA Clippers owner Steve Ballmer apologizes over team sanctions Los Angeles Clippers owner Steve Ballmer has apologized almost two weeks after a broad array of sanctions was slapped on the team by the National Basketball Association.
In a statement posted on X , Ballmer called this a "difficult time" and apologized to the team's fans, employees, and "my fellow NBA team owners for the distraction and distress this matter has caused." Earlier this month , the Clippers were hit with sanctions for violating the league's salary cap circumvention rules related to star player Kawhi Leonard and four companies that did business with the team. — Lim Hui Jie
Source: CNBC