Trillion-Dollar Valuations Drive AI Slowdown, Solana Co-Founder Claims
Solana co-founder Anatoly Yakovenko has sparked controversy by linking Elon Musk and Sam Altman's sudden call for an AI slowdown to their desire to lock in trillion-dollar valuations.
In a series of tweets, Yakovenko sarcastically attributed the decision to 'profitability at $1 trillion market cap.'
This comes after leaders from OpenAI, Anthropic, and xAI announced plans to halt development of advanced neural networks due to safety risks. However, Yakovenko suggests that the real motivation behind this move is to ensure their companies' valuations remain stable.
Former White House AI and crypto Czar David Sacks also chimed in on the discussion, accusing OpenAI of hypocrisy by not simply halting its own work voluntarily if it truly saw a threat in its developments.