Cramer Slams Amodei's 'Pace the Frontier' as Self-Serving — SkimNews
Get the Tech newsletter
Daily tech — startups, AI labs, chips, the launches that shape the next decade. Free.
- Jim Cramer labeled Dario Amodei's weekend 'We Must Pace the Frontier' manifesto 'self-evident and extremely self-serving,' questioning whether the Anthropic CEO is angling for regulation that would entrench OpenAI, xAI, and Anthropic while barring startups
- David Sacks, White House AI czar and co-chair of the President's Council of Advisors on Science and Technology, fired back on X telling Amodei to 'just do it' and slow down himself rather than demand regulation, calling the ask 'blackmail of the public and the political system'
- Amodei's slowdown post joins similar self-imposed restraint calls from Sam Altman of OpenAI and Elon Musk of xAI, putting pressure on Nvidia, which Cramer says is 'financially intertwined' with companies that benefit from a faster AI buildout
- Cramer disclosed he warned CNBC Investing Club members at September's monthly meeting to reduce exposure, sacrificing Corning as a position, and cited Oracle's recent earnings call as evidence the slowdown scenario is not yet priced into the market
- Cramer speculated Amodei's ulterior motives include making Anthropic's forthcoming S-1 IPO look better with lighter capex and casually raising antitrust to signal he is a 'good guy' while building a moat competitors cannot breach
- Cramer said he will wait for 'the overreaction to bake in' before buying back favorites after heavy selling, and pointed to Cardinal Health and BNY as diversification positions away from AI-binary stocks
Why it matters: Cramer is flagging that the AI capex narrative has shifted from 'unlimited demand' to 'self-imposed restraint,' which puts Nvidia — whose stock Cramer's Charitable Trust holds — at the center of the risk. His playbook is to wait for the overshoot selloff, then buy, while using Cardinal Health and BNY as the hedge against AI-headline volatility in the meantime.
Ask SkimNews
