AI Stocks Drop on Calls for a Global Slowdown as Brent Oil's Price Hits $109
Nvidia and other AI beneficiaries fell as leaders warned of safety risks, while Brent crude climbed 3.9% and raised inflation worries.
- Global tech stocks tumbled on Monday following AI safety warnings, while Brent crude oil prices rose to $108 amid supply pressures in the Middle East.
- Anthropic CEO Dario Amodei called for a global development slowdown, citing risks like AI-led agent swarms that could take over the internet within six to 12 months; OpenAI's Sam Altman and Elon Musk backed the pause.
- Nvidia sank 3.9% and Softbank Group lost 10.7% in Tokyo, while SpaceX fell 1.7% as investors reacted to the warnings, compounding pressure on The Nasdaq.
- Wall Street expects the Federal Reserve to hike interest rates on Wednesday to combat inflation, as gasoline prices climbed to nearly $4.32 from $4.08 last month.
- President Donald Trump on Sunday dismissed the need for AI regulation, fearing it would cede America's competitive edge to China, even as oil flows through the Strait of Hormuz remain fluid.
22 Articles
22 Articles
Henry Herald
AI stocks drop on calls for a global slowdown as Brent oil's price hits $109
AI stocks are sliding worldwide after leaders of the industry warned a slowdown is needed for safety, while another jump in oil prices is pressuring financial markets. The S&P 500 fell 0.6% Monday. Many more tech stocks are in the…
The Economic Times
Times of IndiaUS stocks today: Nasdaq falls 1% at open on warnings about AI as Brent price jumps
US tech stocks fell sharply on Monday as AI industry leaders called for a slower pace of development over safety concerns. The Nasdaq dropped 1.2%, while the S&P 500 fell 0.8%. Nvidia slid 3.8%, weighing heavily on the market, as Brent crude jumped 3.8% to $108.74.
Bluefield Daily Telegraph
Tech stocks drop on warnings about AI as Brent oil's price jumps above $108
Technology stocks are sliding worldwide after leaders of the artificial-intelligence industry warned a slowdown is needed for safety, while another jump in oil prices is pressuring financial markets. The S&P 500 fell 0.8% in the early going Monday and was…
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