Summary

We break down the latest in the AI space as Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman call for a slowdown in development. Then, Former Product Executive at Google and Meta Rob Leathern joins with his reaction to the growing concerns around AI safety. Rapidan Energy CEO Scott Modell also shares his expectations for the oil market as prices head …

Key takeaways

• Anthropic CEO Dario Amodei's call for a three-step AI slowdown plan—including third-party evaluators, safety standards, and international coordination—drew rare cross-industry agreement from Sam Altman and Elon Musk, while simultaneously advancing Anthropic's IPO narrative as a 'responsible' public benefit corporation with back-to-back quarters of adjusted profitability.
• The 10-year Treasury yield briefly hitting 5%—its highest since 2023—is creating a valuation headwind for high-multiple AI and semiconductor stocks, with the Philadelphia Semiconductor Index dropping ~6%, while financials, cybersecurity names (CrowdStrike, Palo Alto), and energy stocks are emerging as relative safe havens.
• Saudi Arabia's shutdown of the East-West pipeline following Iraqi militia drone strikes—combined with Houthi gains along Yemen's southern coast—is threatening a sharp drop in ex-Hormuz oil exports, with Rapidan Energy projecting Brent could reach $110–$120+ and calling the next $10 move to the upside.

Why this matters

The simultaneous convergence of frontier AI safety debates threatening capex assumptions, a 5% 10-year yield compressing equity multiples, and Middle East supply disruptions pushing oil toward $110+ creates a multi-vector risk environment that forces B2B investors to reassess AI infrastructure valuations, energy exposure, and the regulatory trajectory of the most capital-intensive technology buildout in a generation.

Entities

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Show notes

We break down the latest in the AI space as Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman call for a slowdown in development. Then, Former Product Executive at Google and Meta Rob Leathern joins with his reaction to the growing concerns around AI safety. Rapidan Energy CEO Scott Modell also shares his expectations for the oil market as prices head higher today. Plus, we preview what to expect from Apple and OpenAI's court hearing today over its trade secret case.Squawk on the Street Discl

Themes

• openai
• anthropic
• investing