Anthropic chief: AI could 'completely bankrupt' some software market leaders

Leading cloud software-as-a-service (SaaS) providers that do not adapt to the development of artificial intelligence-based tools will fail, warned Dario Amodei, head of Anthropic. According to him, market leaders can no longer rely on the complexity of their software as a reliable defense against competitors.

"If your moat (competitive advantage. - Oninvest) is 'our software is complex, it's hard to write, we know how to do it, and others can't match us,' then that's a thing of the past," Yahoo Finance quoted Amodei as saying at a briefing on Ma. 5 in New York. He emphasized that in the new realities, the fate of today's pool of leading SaaS solution providers is still quite uncertain. "Some SaaS companies may well lose capitalization, go bankrupt, go completely broke, but it all depends on how they react," the Anthropic head added.

"I believe there are established players today who realize very clearly: the [competition-protecting] moats are disappearing here, we're really going to change course, and our business is going to be better than before," Amodei noted. "But there are others who are not paying attention - they're going to be caught off guard and, you know, they're going to have a really tough time."

Anthropic's desire to automate corporate processes has been driving down the stock prices of a number of software developers for several months now, due to fears that the neural networks of chatbot creator Claude could drive traditional software developers out of the market, according to Reuters. Anthropic itself says its AI-based B2B tools are designed to deliver better results for clients, not replace them.

Nvidia CEO Jensen Huang said in late April that predictions of an impending AI apocalypse would lead to bad results. "If we convince college graduates not to become programmers, and it turns out that the U.S. needs them more than ever, it will do enormous harm," Huang explained. Intimidating people with existential threats to humanity he called ridiculous.

The founder of the world's most valuable company has mocked the Anthropic CEO's prediction that AI technology will destroy half the jobs for start-ups. According to Huang, such estimates come from overconfident CEOs. "They are made by people like me - CEOs. This position gives you a god complex, and before you know it, you already "know everything," the Nvidia CEO said.

He pointed out that pessimists confuse the technical task of writing computer programs with the global goal of creating innovation. "We need much more code because our imagination allows us to find solutions to problems, whether in healthcare, science, manufacturing or retail," Huang emphasized.

This article was AI-translated and verified by a human editor