Anthropic investor briefing leak spooks markets as KOSPI plunges 7.57% in a day
Exponential View (Azeem Azhar) · rss · 2026-10-18
Exponential View (Azeem Azhar) covers "a world of many minds & the future of work":
- Anthropic's private investor briefing leaked within minutes: the numbers were extraordinary, and markets are questioning whether the AI trade can pay off. Korea's KOSPI fell 7.57% on the day and 16.2% this month, with AI-linked tech stocks opening sharply lower. Azhar also discussed the AI investment boom on a podcast.
- Swarm intelligence: Kevin Kelly's essay imagines a world 50 years out — an AI superorganism like a coral reef, composed of thousands of species of minds, from insect-level to math-genius, most engineered for narrow tasks. Azhar builds on his own two-year-old forecast distinguishing monocognitism (a singleton AI, implausible given light-speed delays and emerging diversity), polycognitism (many specialized AIs with the same remote-control issues), and syncognitism (AI as collective intelligence emerging from interacting systems — his bet for the likeliest path).
- Economics of delegation: Yue Xu's working paper offers a framework for which work can be economically delegated to AI, factoring in checking costs and mistake losses.
- Work in AI-native firms: real examples remain scarce, so any firsthand insight is valuable.
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