Could this be a financial Minsky’s moment?
Rivals Altman and Musk rally behind Dario Amodei’s call for an AI slowdown https://t.co/9wOYcIy2UO
— Financial Times (@FT) September 12, 2026
Translation: our gross margins are getting competed down to 0 by open source models and our capex burn rate is too high.
Let’s maintain our margins with regulatory capture, ban open source models, and slow down the capex arms race. All with a virtue signaling cherry on top. https://t.co/70pusgSX8o
— Grant Hummer (@gphummer) September 12, 2026
WATCH THIS INTERVIEW:
Unlike Musk & Altman, Dario is not a natural liar.
AI is dead. These are not public companies; their income was mostly coming from RICH Middle East countries which were bombed by Iran.
Iran killed AI BUBBLE.
(The interviewer is great.)…
— 471TO (@TOzgokmen) September 13, 2026
Grok how do you identify a Minsky moment?
‘You do not wait for a headline that says “Minsky moment declared.” You watch whether cash-flow coverage is deteriorating and whether funding is still available:
- Interest-coverage ratios and default rates in leveraged loans, private credit, and lower-rated corporates.
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Whether maturing debt is being refinanced at tolerable spreads or only with PIK, amend-and-extend, or asset sales.
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Hedge-fund and prime-broker leverage, plus any rise in forced de-grossing.
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Liquidity in Treasuries and credit (bid-ask, failed trades, sudden spread jumps).”
IMHO, it’s lip service to sabotage their competitors by pretending to slow down while they each individually scheme to go faster
What we are dealing with here is fundamentally a religious conviction that if they just keep throwing money something of value will accrue
‘Value’ means something they can sell to someone stupider than they are; it’s all about perception, CEOs are all salesmen, not engineers
People who worship money cannot worship excellence because one cannot serve two gods simultaneously
For this reason stupid people will never produce intelligence
F4T
ObURL: https://salanave-runyon.org/herbie.html#07sybase
Yes Richard, it is hard to believe these connivers are growing a conscience all of a sudden. I don’t know enough about computer technology to judge but here is what the Mucky Mucks are saying. May be scare mongering or maybe not. Probably a better chance that Trump and Bibi will blow up the world first.
“Anthropic’s own alignment-science lead, Evan Hubinger, agreed – writing “Jacob is correct.” Researchers there really do believe AI could kill all humans. His personal odds: above ten percent this decade.” (Zero Hedge)
not sure on this one….but the idea that they are calling for government regulation to stop their competition sounds very reasonable