U.S. stocks suffered a historic crash, with the S&P 500 losing $2.9 trillion in a single day as tech stocks plunged; Anthropic’s IPO valuation dropped from $2 trillion to an estimated $500 billion amid an $895 billion irrevocable commitment to compute resources and a $70 billion short-term debt burden; following the U.S. midterm elections, with Democrats gaining control of Congress, the “Ban on Artificial Superintelligence Act” was advanced, proposing mandatory suspension and up to 20 years in prison for advanced AI development, triggering a broad sell-off across the AI infrastructure sector. https://t.co/5eD4TVYZy7
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