AI stocks slide after major CEOs unite to urge slowdown
Investors sold chipmakers and AI suppliers as Dario Amodei, Sam Altman and Elon Musk backed a slower pace of model development.
- Several top AI CEOs, including Anthropic's Dario Amodei, OpenAI's Sam Altman, and xAI's Elon Musk, have called for a slowdown in AI development due to safety concerns.
- Following these calls, AI-related stocks in companies such as SoftBank, Samsung Electronics, and Taiwan Semiconductor experienced significant declines in major Asian markets.
- President Donald Trump expressed opposition to slowing AI progress, citing concerns about economic impact and competition with China.
- A Pew Research Center survey found that 71% of U.S. adults believe AI will reduce jobs over the next 20 years, reflecting public concern about economic issues.
49 Articles
49 Articles
The mood on European stock markets was subdued today at the start of trading with technology stocks falling. Mainly after statements by senior executives at leading artificial intelligence (AI) companies calling for a slower pace of AI development, the pan-European STOXX 600 index recorded small fluctuations in the first minutes of the session and stood at 638.95 points at 10:10 Greek time, with most major regional stock markets moving downwards.
Reformatorisch Dagblad
Chip companies were heavy losers on the Amsterdam stock exchange on Monday morning, after major artificial intelligence companies called for a deliberate slowdown in the development of AI models. Among others, Anthropic CEO Dario Amodei expressed his concerns about the risks of AI last weekend following various incidents.
AI-linked Asian stocks slump after top lab CEOs call for slowing down technology's development
AI-connected stocks fall sharply in early Asian trading after the CEOs of companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity
The News
Pakistan Live NewsAI stocks crash as top lab CEOs demand emergency technology slowdown amid extinction fears
Technology shares across major Asian markets experienced a sharp downturn following coordinated statements from top artificial intelligence lab chief executive officers urging a deliberate slowdown...
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