Beijing hits back at Anthropic CEO's call to curb China's AI development

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-14 • Permanent link

Billionaire investors are bracing for a tech downturn after Beijing swiftly responded to a call from Anthropic CEO Dario Amodei for the US to curb China's artificial intelligence capabilities. The Chinese Ministry of Foreign Affairs issued a statement on Tuesday, saying that such a move would be "counterproductive" and "harmful to global cooperation." In response, Anthropic's shares plummeted 7% in early trading, while its rival CyberCorp's shares dropped 10% in the opening session.

Rising tensions between the US and China over AI development are set to have far-reaching consequences for the global economy. Investors are worried that a trade war could disrupt the flow of technology and talent between the two superpowers, leading to a slowdown in innovation and growth. Consumers are also on high alert, as a potential AI arms race could lead to increased security measures and reduced data protection.

The AI development landscape is complex and multifaceted, with various stakeholders vying for influence and control. China's Belt and Road Initiative has already seen significant investments in AI research and development, with many top Chinese tech firms partnering with international companies to drive innovation. Meanwhile, the US has been investing heavily in AI research and development, with programs like the Defense Advanced Research Projects Agency (DARPA) driving breakthroughs in areas like machine learning and natural language processing.

As the situation continues to unfold, analysts are warning of a potential AI-related recession. The International Monetary Fund has already expressed concerns about the impact of AI on the global economy, citing the potential for job displacement and reduced economic growth. With the US and China locked in a high-stakes battle over AI development, investors are advised to remain cautious and monitor developments closely, as the next few months could see significant market volatility.