[AI giants call for "putting on the brakes". Institutions believe that domestic demand for computing power still has room for growth] September 16th. Recently, Anthropic CEO Dario Amodei called for slowing down the pace of improving the capabilities of cutting-edge AI models to allow time for security research and risk prevention. OpenAI CEO Sam Altman and SpaceX founder Elon Musk later expressed support. Relevant remarks triggered market concerns about the prospects of AI infrastructure investment. Overseas chip stocks came under pressure, and A-share and Hong Kong stock technology sectors diverged. If the iteration of cutting-edge models slows down, will the demand for the AI ​​industry chain also cool down? The organization currently believes that it is necessary to distinguish between the pace of model development and the growth in computing power demand. At this stage, enterprise applications and reasoning businesses are still expanding, and relevant discussions are not enough to prove that AI capital expenditures have entered a contraction cycle. However, investors are increasing their scrutiny of demand sources, business returns, and security boundaries. (China Securities Journal)