AI stocks slide after major CEOs unite to urge slowdown
· Business · CNBC, The Guardian, Investing.com
Global markets for AI-related stocks declined on Monday after Anthropic CEO Dario Amodei and other tech leaders urged a deceleration in the development of artificial intelligence capabilities. The sell-off affected major semiconductor and hardware companies, with SoftBank falling 10% in Japan and SK Hynix closing down more than 6% in South Korea. European firms including ASML, Nokia, and Infineon also recorded significant losses, while U.S. premarket trading saw drops for Micron, Intel, and Nvidia. This market reaction follows a week of intense debate regarding AI safety, triggered by the resignations of researchers at Anthropic and OpenAI over concerns that current development speeds pose existential risks. The exact long-term impact on global AI investment remains unclear as industry leaders continue to debate the proposed slowdown.
Why it matters
The coordinated call for a development pause threatens to curb capital expenditure in the semiconductor and data center sectors, directly impacting the valuation of major tech companies and the broader global AI supply chain.
Read the original report — CNBC
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