AI Stocks Drop as Major CEOs Call for Slower Development
Stocks tied to artificial intelligence fell on Monday after prominent AI leaders, including Anthropic CEO Dario Amodei, called for a slowdown in the development of advanced AI capabilities. The move sparked concerns among investors that an industry-wide pause could impact adoption and ripple through sectors reliant on rapid innovation. The sell-off affected global chipmakers like ASML, Micron, Intel, SK Hynix, and SoftBank — one of OpenAI’s major backers. In Asia, South Korean firms such as Samsung Electronics saw sharp declines, while European markets also experienced significant drops in AI-related stocks. U.S. premarket trading showed similar trends with companies including Nvidia and Microsoft down slightly. The debate over AI risks intensified after a researcher at Anthropic resigned citing concerns about the dangers of rapid development. This led to public warnings from safety researchers like Evan Hubinger, who estimated more than a 10% chance that AI could cause human extinction within ten years.
Tickers: $9984 $AMZN $ASML $GOOGL $INTC $MSFT $MU $NVDA $SFTBY $SKHYV
Topics: artificial_intelligence regulatory_concerns stock_market