AI stocks slide after major CEOs unite to urge slowdown
SoftBank slid more than 10% and chipmakers fell as investors reacted to calls from Anthropic and OpenAI to slow AI development for safety.
- SoftBank Group secured an $11.87 billion loan to support its investment in OpenAI, exceeding its original $10 billion target, according to people familiar with the matter.
- The Japanese conglomerate is slated to invest close to $65 billion in OpenAI by October, while simultaneously repaying a $40 billion loan it obtained earlier this year.
- Shares of SoftBank plummeted 11.2% on Monday after OpenAI Chief Executive Officer Sam Altman and Anthropic CEO Dario Amodei called for slower AI development to ensure safety.
- In a Fortune interview published Saturday, Altman confirmed OpenAI will not proceed with an initial public offering this year, citing safety-related concerns as the primary reason.
- SoftBank faces investor concerns regarding growing credit risks in the artificial intelligence sector while considering a bond sale of up to $20 billion, Morningstar researcher Dan Baker said.
93 Articles
93 Articles
AI-Linked Stocks Slide After Leaders Urge Slowdown
Global AI-related stocks tumbled after industry leaders, including Anthropic and OpenAI, urged a slower, safety-focused development path, triggering declines in chipmakers and AI infrastructure stocks across Asia, the US, and beyond. The sell-off highlighted investor concerns over regulatory bottlenecks, while ongoing demand for computing infrastructure limited downside in the longer term. · 20 sources across the spectrum on IJR News.
AI Stocks Plunge After Sam Altman, Elon Musk Back Calls to Slow Development
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. AI-linked stocks are falling sharply Monday after some of the industry’s most powerful leaders warned that artificial intelligence development may need to slow because of growing safety risks. SoftBank, one of OpenAI’s biggest investors, plunged more than 10%, while shares of major chipmakers including SK Hynix, Samsung Electronics and TSMC a…
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D24&w=64&q=75){kind=small}
AI Stock Rout Deepens as Industry Leaders Urge Slower Development
AI-linked stocks and semiconductor companies tumbled across Asia after executives at major U.S. AI firms raised concerns about the risks of rapid technological development. SoftBank ... The post AI Stock Rout Deepens as Industry Leaders Urge Slower Development first appeared on [your]NEWS.
The mood on European stock markets was subdued today at the start of trading with technology stocks falling. Mainly after statements by senior executives at leading artificial intelligence (AI) companies calling for a slower pace of AI development, the pan-European STOXX 600 index recorded small fluctuations in the first minutes of the session and stood at 638.95 points at 10:10 Greek time, with most major regional stock markets moving downwards.
Coverage Details
Bias Distribution
- 36% of the sources are Center, 35% of the sources lean Right
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
