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

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintenea with Jim Kramer at Post 9 of the New York Stock Exchange.

Faber has the morning off. Future's a bit mixed this morning as the market absorbs a handful of tech and retail earnings.

Got some eco data as we get closer to next week's Fed meeting. Jobless claims 191K, the lowest since

22, although maybe a Thanksgiving quirk, 10 years back to 4-1. Our roadmap begins with the AI trade.

Anthropics CEO warns of YOLO spending in the AI arms race. Invidias Jensen Wong meets with

the president, scores a big win for the company

when it comes to China, and some new clues about the labor market, layoff announcements this year,

now hitting the highest level since the 2020 COVID pandemic. Let's begin with the AI race.

Anthropic CEO Dario Amodi discussed the risks with Andrew Ross Sork in a deal book yesterday.

Take a listen.

On the technological side of it, I feel really solid.

I think I'm one of the most bullish people around, and I think it pencils out.

On the economic side, you know, I have my concerns where even if the technology is, you know, really powerful

and fulfills all its promises, I think there may be players in the ecosystem who, if they

just make a timing error, if they just get it off by a little bit, bad things could happen.

There are some players who, you know, who are yoling, who pull the wrist dial too far.

Those comments come on a day in which NVIDIA's Jensen Wong made the rounds in D.C., including

a meeting with the president about chip restrictions, regulations, the future for AI.

But on the Modi's comments, Jim, he talked about yolo players kind of doing some reckless

gambling, perhaps.

Well, look, I totally understand why some people think of reckless gambling because the

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