
Anthropic warns of massive AI risks, OpenAI postpones its IPO. Fund manager Christoph Schmidbauer also suspects tough business interests behind this.
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Anthropic warns of AI risks and OpenAI postpones its planned IPO.
Risks of artificial intelligence “Then an AI correction could turn into a financial market crisis”
Anthropic warns of massive AI risks, OpenAI postpones its IPO. Fund manager Christoph Schmidbauer also suspects tough business interests behind this - and says what he would be betting on now.
By Tim Bartz

In view of new record prices for gasoline and diesel in Germany, politicians are hotly debating countermeasures. A fuel price cap, an excess profits tax and direct payments are being discussed, while economists and business associations are warning against government intervention.

Fuel prices in Germany have reached new record levels. It is unclear in the coalition what relief should look like: The SPD is calling for a price cap based on the Luxembourg model, while the Union rejects this and relies on direct payments, for which, according to the Ministry of Finance, the IBAN is often missing.

In a letter to Federal Economics Minister Katherina Reiche, several banking institutions criticized the federal government's planned energy laws and warned of incalculable cost and revenue risks in wind power projects.

Government bond prices are falling rapidly around the world, while US yields are rising to over 5 percent - the highest level since the 2007 financial crisis. Concerns about inflation and interest rates as well as rising US debt are driving up interest rates, which is also making construction financing more expensive.

In the USA, the price of a gallon of diesel is climbing to a record high of just under $6.27. The massive increase in fuel costs is putting pressure on consumers and driving up food prices ahead of the US midterm elections.

At the IAA Transportation, manufacturers are presenting new electric trucks with rapidly increasing ranges. While battery-electric drives are gaining a foothold in regional transport, high acquisition costs and massive bottlenecks in the power grid are slowing down nationwide expansion.