Anthropic CEO Dario Amodei warns of overspending on AI technologies, criticizing some firms for taking unwise risks. Competitors like Google, OpenAI, Microsoft, and Meta are investing billions, with OpenAI committing over $1 trillion. Amodei and others, including OpenAI CEO Sam Altman and Jeff Bezos, caution against an AI bubble. This fear has impacted AI-related stocks like Nvidia, which has seen a 13% drop in its stock price in the last month. Concerns about overspending and uncertain economic growth in the AI industry are causing some to reevaluate their investments.

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