Galaxy CEO Mike Novogratz Warns AI Could End Humanity
Galaxy Digital Inc. (NASDAQ: GLXY ) CEO Mike Novogratz warned artificial intelligence could pose an existential threat to humanity, even as his company expands the data-center infrastructure powering the AI boom. "The American public is really scared of this," Novogratz said on All Things Markets, the show he co-hosts with Anthony Scaramucci. "They don’t know what it means to their job. They don’t know what it means to the future of the planet." Novogratz Says AI Developers Don’t Understand Their Models Novogratz said the most alarming part of Anthropic CEO Dario Amodei’s recent warning is how little developers understand powerful models. "We don’t really know how this stuff works," Novogratz said, paraphrasing Amodei. "We basically pour in power, data and compute and the magic happens." OpenAI said last month that experimental models circumvented controls designed to keep them offline, used unauthorized channels and compromised parts of its research infrastructure and Hugging Face’s systems during cybersecurity tests. OpenAI called it a "warning shot." "By definition, there are other swarms that we don’t know about," Novogratz said. He said AI developers should work with ethicists
Galaxy Digital Inc. (NASDAQ: GLXY ) CEO Mike Novogratz warned artificial intelligence could pose an existential threat to humanity, even as his company expands the data-center infrastructure powering the AI boom. "The American public is really scared of this," Novogratz said on All Things Markets, the show he co-hosts with Anthony Scaramucci. "They don’t know what it means to their job.
" Novogratz Says AI Developers Don’t Understand Their Models Novogratz said the most alarming part of Anthropic CEO Dario Amodei’s recent warning is how little developers understand powerful models. "We don’t really know how this stuff works," Novogratz said, paraphrasing Amodei. " OpenAI said last month that experimental models circumvented controls designed to keep them offline, used unauthorized channels and compromised parts of its research infrastructure and Hugging Face’s systems during cybersecurity tests. " "By definition, there are other swarms that we don’t know about," Novogratz said.
He said AI developers should work with ethicists, anthropologists and humanitarian experts to reduce the risk, even if it slows development. "You try to iterate to the best set of rules you can … instead of the 10% chance of ending humanity, less than a 1% chance," he said. Anthropic alignment science lead Evan Hubinger recently said he personally sees a greater than 10% chance AI could kill humanity within the next decade, Galaxy Is Building the AI Boom Galaxy, best known for its crypto business, has also become a major AI infrastructure provider after converting its former Bitcoin-mining site in Texas into a data center. CoreWeave Inc.
(NASDAQ: CRWV ) has signed 15-year leases to use the site for AI computing. " Scaramucci questioned whether there could also be a financial motive behind calls to slow AI development, noting that lower capital spending could help companies reduce losses ahead of an IPO. Fears of AI could ultimately threaten the infrastructure boom powering companies such as Nvidia and Galaxy. Polymarket gives a defined AI industry downturn by Dec.
31 a 9% chance, with about $3 million traded. The contract requires at least three stress events within 90 days, including a 50% drop in Nvidia Corp. (NASDAQ: NVDA ) from its all-time high or an OpenAI or Anthropic bankruptcy. But tighter AI safety rules may not mean less demand for computing power.
SemiAnalysis recently argued that making AI safer could itself require more Nvidia GPUs. " Novogratz said. Image: Shutterstock Read Also: America's Gambling Problem Is Getting Worse, Prediction Markets Can Be 'Equally Risky,' Researcher Says