TechIs the AI boom about to slow down? | Reuters Morning Bid

The heads of OpenAI and Anthropic are urging a slower pace of AI development amid warnings about existential risk, while OpenAI has postponed its IPO until at least next year. That raises questions about the impact of a pause on the chip and data-center boom. Oil has risen back above $108 a barrel after a Houthi attack on Saudi Arabia’s East-West pipeline, regional talks on the Strait of Hormuz have collapsed, and markets see a 90% chance of a Fed rate hike on Wednesday.