With @ouraring postponing its IPO — and many others in recent weeks — what does it mean for @AnthropicAI’s IPO? That one is the canary in the coal mine. More in today’s @dealbook

Scoop in @dealbook : Instinct, the hot AI assistant, is now worth $10 billion! With only 14 employees. It raised $1 billion from @benchmark, @sequoia and @coatuemgmt.

“It has to be something that we can contain,” says @MicrosoftAI CEO @mustafasuleyman of AI. “We should not produce something that we can’t control.”

Breaking in @dealbook: Jay Carney is joining SV Angel, Ron Conway’s venture capital firm, to run a new initiative called Project Blueprint. Its purpose is to rebuild bonds between leaders in the artificial intelligence sector and Democrats who are demanding new rules to regulate the technology.

Breaking: Dario Amodei: “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of the time we gain.”

Twenty-five years ago this morning, at this hour, I was finishing up a prototype of DealBook. We were conducting a dress rehearsal and planning to launch that week. I’ll never forget the images of the planes striking the World Trade Center, or the hours and days in the newsroom, on the phone with anxious New Yorkers and Wall Street executives trying to account for their colleagues. I knew people who died that day. Sept. 11 shattered our sense of safety and our assumptions about the world and wrapped Americans in overwhelming grief. Yet in the weeks that followed, the country came together. In a far less polarized era, leaders sought to bridge divisions rather than exploit them. We rallied together. While the attacks’ aftermath ultimately led to war and complex global consequences, I cannot help but return to this question: How would we navigate such a crisis in today’s climate?

(12/17) 𝟭𝟵𝟮𝟵 📉🏦 @andrewrsorkin revisits the Wall Street crash through the visionaries, financiers, politicians & decisions surrounding it. A fascinating reminder amid today’s AI boom: euphoria, concentrated power & weak guardrails can have consequences far beyond markets.

Peter Thiel says Steve Jobs wasn’t successful because he was an asshole. He was successful in spite of him being an asshole: “All the biographies you read on Jobs—the lesson you draw is that he succeeded because he yelled a lot and was this impossible manager.” “If that was true—how did he inspire his people?” “It’s something about the vision, the mission, the certainty that things were going to work that inspired people, in spite of whatever shortcomings he had.” Via @andrewrsorkin @dealbook

🚨SCOOP🚨 I’ve joined @nytimes! I’ll be covering business and technology, with a focus on AI, for @dealbook Send me tips at sri.muppidi@nytimes.com or via Signal at srimuppidi.13. I’ll still be based in SF, so invite me to your happy hours & events. Here’s me from my 1st day!

.@BillGates shared his summer reading picks, including a novel by @bruceholsinger and @andrewrsorkin’s ‘1929.’ For those who prefer to listen to their books, Gates recommended the audiobook of @TedSchwartz13’s GRAY MATTERS, narrated by Sean Pratt.

I was having a converation with @JoeSquawk this morning on @SquawkCNBC about whether there are any politicians genuinely in the "middle?" If so, who would you put on that list?

FWIW: The hardcover of my book "1929" is available right now on Amazon for the lowest price I've ever seen. Surprised me. (I think it is Prime Day sale of some sort.) Anyway, get 'em if you want!

It is rare for an ad to stop me these days. This one stopped me cold. Whatever your view of prediction markets -- and this is not an endorsement — the team behind this ad created something genuinely remarkable. 👏👏👏