Wall Street Rejects Anthropic's Warning of AI Industry Slowdown, Expects Continued AI Spending
Earlier related reports
Anthropic Releases AI Economic Scenario Model: Annual GDP Growth Could Reach 15% in Extreme Scenarios, But Knowledge Workers May Face Job Losses and Pay Cuts
14/09/2026 23:21
Wall Street analysts say AI development and spending will not slow down, following a call from Anthropic CEO Dario Amodei to "slow down the AI industry." D.A. Davidson tech analyst Gil Luria believes that even if development decelerates, hyperscale companies like Alphabet, Amazon, Meta, and Microsoft can cope. AlphaSpace data shows that these four major companies' capital expenditures totaled $293 billion in the first two quarters of 2026, with Meta's quarter-over-quarter growth at 58%. AI infrastructure spending is expected to approach $600 billion this year. Nancy Tengler, CEO of Laffer Tengler Investments, noted that "the AI genie is out of the bottle," and the technology has spread across industries. President Donald Trump also rejected calls to set guardrails for AI models, stating that the U.S. is leading China in the AI race.
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