Call for Slowdown in AI Sector Shakes Chip Stocks
Leading artificial intelligence executives calling for a slowdown in system development and doomsday scenario concerns have triggered market volatility.
A coordinated call by leading figures in the artificial intelligence sector for a slowdown in building more powerful systems, alongside growing doomsday scenario concerns, has led to sharp declines in chipmakers and AI stocks.
Sharp Decline in Chip Stocks
Following the call by artificial intelligence leaders in the United States, semiconductor stocks took a major hit. Chipmaker Nvidia lost 3% of its value to fall to $210.96, while its rival AMD experienced a 4% drop. Intel shares lost 6% in value.
Possible Delay in OpenAI IPO
Amid mounting uncertainties and market fears, ChatGPT developer OpenAI signaled that it could postpone its initial public offering plans. OpenAI Chief Executive Sam Altman stated in an interview with Fortune magazine that they would not go public this year.
Call from Anthropic CEO
Anthropic Chief Executive Dario Amodei argued in an essay published on Sunday that the AI development process should be slowed down industry-wide. Amodei suggested using independent third-party auditors to ensure safe development.
Industry Leaders and Expert Opinions
While Nvidia Chief Executive Jensen Huang stated that he finds doomsday scenarios regarding artificial intelligence to be unfounded, some critics argue that major companies are trying to stifle competition through such regulatory calls.