AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development
- 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%.
- In Taipei, shares in the big global microchip supplier Taiwan Semiconductor Manufacturing Company dropped 1.2%.
Unverified
- 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%.
- In Taipei, shares in the big global microchip supplier Taiwan Semiconductor Manufacturing Company dropped 1.2%.
Sources: Guardian