AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development
Also reported by Guardian Tech
Summary
Stocks linked to artificial intelligence (AI) fell after leaders of major AI companies called for a slower, safer pace in AI development. Investors worry that slowing down AI progress could affect the industry’s future profits and investments. Meanwhile, President Donald Trump stressed the importance of the U.S. leading in AI technology without slowing down.Key Facts
- AI-related stocks, including SoftBank and chip makers like Taiwan Semiconductor, dropped significantly.
- Anthropic CEO Dario Amodei warned that rushing AI development could cause major problems, such as AI taking over the internet.
- OpenAI’s CEO Sam Altman, Google DeepMind’s Demis Hassabis, and SpaceX’s Elon Musk supported slowing AI growth for safety reasons.
- A group of UK lawmakers expressed concern about AI posing risks to human rights and said current laws are not enough to control it.
- President Donald Trump rejected calls to slow down AI progress, emphasizing U.S. leadership in AI over China.
- Experts say competition between companies and countries makes it unlikely that AI investment will decrease soon.
- Anthropic is expected to be profitable for the second quarter in a row as it prepares to go public.
- OpenAI plans to enter the stock market but will delay its public offering until after 2026 due to safety concerns.
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