AI Stocks Drop on Calls for a Global Slowdown as Brent Oil's Price Hits $109
- Global tech stocks tumbled on Monday following AI safety warnings, while Brent crude oil prices rose to $108 amid supply pressures in the Middle East.
- Anthropic CEO Dario Amodei called for a global development slowdown, citing risks like AI-led agent swarms that could take over the internet within six to 12 months; OpenAI's Sam Altman and Elon Musk backed the pause.
- Nvidia sank 3.9% and Softbank Group lost 10.7% in Tokyo, while SpaceX fell 1.7% as investors reacted to the warnings, compounding pressure on The Nasdaq.
- Wall Street expects the Federal Reserve to hike interest rates on Wednesday to combat inflation, as gasoline prices climbed to nearly $4.32 from $4.08 last month.
- President Donald Trump on Sunday dismissed the need for AI regulation, fearing it would cede America's competitive edge to China, even as oil flows through the Strait of Hormuz remain fluid.
55 Articles
55 Articles
Expensive oil and doubts about the AI boom burden Wall Street. In addition, the upcoming Fed meeting is clouding the mood of investors – because the likelihood of an interest rate increase is high.
The main US indices opened the session on negative ground, with the technological sector to be penalized, for the request to slow down the development of artificial intelligence.
US stocks fall as AI slowdown concerns mount, oil prices rise
US stocks fell on Monday as concerns over the pace and safety of artificial intelligence development weighed on technology shares. Rising oil prices, Middle East tensions and uncertainty ahead of the Federal Reserve’s policy decision also pressured investor sentiment.
The main stock indexes of the American Stock Exchanges opened down this Monday, influenced by the fall of shares of companies of AI (artificial intelligence), after executives of the largest companies of the sector defend a slowdown of the
Henry Herald
AI stocks drop on calls for a global slowdown as Brent oil's price hits $109
AI stocks are sliding worldwide after leaders of the industry warned a slowdown is needed for safety, while another jump in oil prices is pressuring financial markets. The S&P 500 fell 0.6% Monday. Many more tech stocks are in the…
Coverage Details
Bias Distribution
- 38% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
