Chevron Warns Oil Shortage Imminent as AI Debate Ignites

CrowdStrike's stock closed at a record high after Anthropic CEO Dario Amodei called for frontier AI labs to slow down model development due to safety concerns. However, CrowdStrike CEO George Kurtz rejected this notion, stating that slowing new models wouldn't change the fact that dangerous ones already exist.

Broadcom's CEO Hock Tan also pushed back against Amodei's proposal, noting that demand for running AI models day-to-day would remain strong even if training slows down. Tan emphasized that Broadcom's business is built to handle this demand, making it a 'very durable' operation.

Chevron's CEO Mike Wirth warned that buffers holding oil prices down have been depleted, leading to a potential shortage and increased costs for consumers. Chevron has consistently raised its dividend over the past 39 years, providing stability to investors despite fluctuations in crude oil prices.