9AM HOUR: New Warnings About AI, Brent Tops $100/Barrel, CoreWeave CEO at "Communacopia" 9/9/26

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David Faber (0:56)

Market insight and analysis. You're listening to the opening bell of CNBC's Squawk on the Street. Good morning.

Carl Quintanilla (1:05)

Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer at post night of the New York Stock Exchange. Faber's out west at Goldman Sachs Communicopia Technology Conference. A lot more from David all morning long. Futures are red thanks to some familiar culprits today. Ten-year yield hits 482, highest in almost three years on a day when we should hear from the Treasury about bond buybacks. And then there's oil. Brent cracks 100 for the first time since July. Gas prices jump more than a dime in just one day.

And as the US and Iran say they trade strikes on tankers in Hormuz, a roadmap begins with growing safety concerns around AI as one Anthropic researcher leaves the company claiming neither Anthropic nor OpenAI are, quote, acting responsibly and are gambling with our lives.

David Faber (1:51)

Okay, plus Apple getting ready to unveil its highly anticipated foldable phone. It's the first major company event under new CEO John Ternes.

And a busy day ahead here at the Golden Saks Communicopia Conference, including a first time CNBC interview with CoreWeave CEO Michael Intrator, where we discuss some of those safety concerns, guys. Carl?

Carl Quintanilla (2:12)

David, let's begin with these warnings about AI, including one from an Anthropic researcher who says he quit the company in a thread on X yesterday. Jacob Coxon accuses Anthropic and OpenAI of not, in his words, acting responsibly. They are racing straight to self-improving super intelligence and gambling with our lives, he writes. He goes on to say the people building AI earnestly believe that it could kill us all by the end of the decade. Anthropic safety researcher Evan Hubinger agreed in his own ex-post saying he sees a greater than 10% chance of that happening. Jim, it's happening on a morning where Meta is up 5 plus pre-market on this Muse, your first personal agent.

Jim Cramer (2:53)

I look at Muse today, it seemed, I'd say, not unlike when if you can get a souped up Alexa, you can buy things, although Alexa steers you only to Amazon, this one steers you to many places, including Shopify. On the warnings, it's funny, the fellow, Evan Hubinger, he picks a 10% number. If you've ever been in a situation where you want a surgery, and the elective surgery is more than 5% fatality, no, you don't do it because it's considered to be a very good chance of fatality. 10% is twice 5%. So, when I read that, I said, well, you know, I don't like those odds. Those odds are just plain bad.

You gotta take it off the table, and I don't know how to take it off the table. I'm very surprised that this man still works for Dario, for Anthropic, because I think you should know that that percentage is a percentage which says pretty good chance of death.

Carl Quintanilla (3:49)

Yes.

Jim Cramer (3:50)

And that's what, you know, if you're, like, let's say you were up at that you're right now, you're going to a hospital special surgery and it says you got a 5% chance for that, the operation that you might die. Well, then you should like fire the doctor because that's just ridiculous. So 10% is way too close for comfort.

Carl Quintanilla (4:07)

David, I imagine this is going to be among a bunch of other things, topics of conversation where you are today.

David Faber (4:15)

Without a doubt, and it was yesterday in fact because we will see a few of the interviews that I did here yesterday at the conference, obviously we are not live. A lot of this also though goes to the overall debate that we have discussed guys and will continue to in terms of data centers because while there is certainly going to be some debate around the environmental impact of a data center and all the other things that go along with that despite the fact that now they are dealing with water usage that is far below what it had been with previous data centers. So many of them are now behind the meter meaning they are actually generating or using their own electricity, some of which is even going back into the grid and have answered many of those questions. The larger question is, is a data center a physical representation of AI? And when you hear stories like this, Jim, you certainly have to wonder whether people's objection to them is not really about the physical structure as much as what it represents.