AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development
AI-linked stocks experienced a decline after prominent tech leaders, including the CEOs of OpenAI and Anthropic, called for a slowdown in the development of advanced AI. Investors are reacting to concerns that rapid, unregulated growth could lead to significant risks.
Why it matters
This shift in sentiment among industry leaders suggests a potential cooling of the AI investment boom and increased focus on safety and regulation.
A monitor shows the Nikkei 225 stock index in Tokyo. Photograph: Miyuki Saito/Kyodo News/AP A monitor shows the Nikkei 225 stock index in Tokyo. Photograph: Miyuki Saito/Kyodo News/AP Stock markets AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development Shares in tech firms tumble across Asia with Nasdaq also likely to dip later after Anthropic, OpenAI and SpaceX leaders back call
Prefer the Guardian on Google AI-linked stocks tumbled on Monday after the bosses of Anthropic, OpenAI and SpaceX called for a slowdown in “reckless” development citing fears the technology could soon run out of control.
Shares in SoftBank, a Japanese investor that is a big backer of OpenAI, slumped 13%, while the South Korean Kospi stock index, which relies heavily on chip makers that supply AI companies, dropped by 3%.
Also covering this story
18 other newsrooms covered this event. We read each version separately.
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