Decline in Artificial Intelligence Stocks
Stocks fell in the markets after tech leaders called for a slowdown in artificial intelligence efforts.
Warnings from Anthropic, OpenAI, and SpaceX executives against the uncontrolled development of technology and their calls for a slowdown led to a decline in AI-focused stocks.
Details of the Market Decline
Following the selling pressure on Monday, SoftBank shares lost 13 percent in value, and South Korea's Kospi index dropped by 3 percent.
Executives' Warnings and Calls
Anthropic CEO Dario Amodei stated that AI agents could take over the internet and cause massive damage, expressing that the sector needs to slow down.
Political Reactions and Expert Views
Donald Trump opposed the calls to slow down artificial intelligence development, arguing that the US must maintain its leadership against China.
Companies' Future Plans
While it was reported that Anthropic is expected to reach profitability this quarter and is preparing for a US stock market listing this year, OpenAI also announced plans for a future public offering.