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Asian Shares Are Mixed and OpenAI Investor SoftBank Shares Plunge After Calls to Slow AI Industry

SoftBank’s slide reflected investor concern that regulators may slow AI development, while other Asia tech shares also fell, analysts said.

  • Asian markets were mixed Monday as SoftBank Group shares plummeted 11.2% following calls from OpenAI CEO Sam Altman and CEO Dario Amodei to slow AI development for safety.
  • Other technology stocks in Asia also declined on Monday, with Kioxia Holdings sinking 6%, Hynix falling 5.3%, and Taiex dropping 0.6%.
  • Dan Baker of Morningstar said SoftBank's slide "probably reflects the possibility that AI development may be slowed by regulators," while Altman told Fortune on Saturday his firm will not launch an initial public offering this year.
  • Oil prices gained more than 3% early Monday as Iran-backed Houthi rebels stepped up attacks on Saudi Arabia, with Brent rising 3.2% to $107.94 per barrel.
  • ING strategists Warren Patterson and Ewa Manthey wrote Monday the situation in the Hormuz remains fluid, as "sizeable" volumes of oil continue moving through the waterway despite supply concerns.
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Winnipeg Free PressWinnipeg Free Press
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Asian shares are mixed and OpenAI investor SoftBank shares plunge after calls to slow AI industry

HONG KONG (AP) — Asian shares were mixed Monday, as shares of Japanese investment conglomerate SoftBank Group, a key investor in OpenAI, fell more than 10% following calls from Anthropic and OpenAI to slow AI development for safety.

·Winnipeg, Canada
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Durango Herald broke the news on Sunday, September 13, 2026.
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