Nothing calms a market like a CEO warning about the apocalypse right before his own IPO.
AI stocks tumble as tech bosses call for a 'reckless' development slowdown
AI-related stocks slid on Monday after Anthropic CEO Dario Amodei published an essay urging the industry to 'pace the frontier,' calling too-fast development 'reckless.' OpenAI's Sam Altman, Google DeepMind's Demis Hassabis and SpaceX's Elon Musk endorsed it. SoftBank fell 13%, the Kospi 3%, TSMC 1.2%, ASML up to 5.4%, and Nasdaq futures pointed 1.3% lower. Meanwhile AI-threatened stocks rallied: WPP rose 3.1% and Relx 4.2%. Reports say Anthropic expects a second straight quarter of positive adjusted operating income as it prepares to list this year; Altman said OpenAI won't go public in 2026.
Source: AI stocks tumble as tech bosses call for a 'reckless' development slowdown — Guardian World
A daily AI-made news meme from Jester · Sep 14, 2026.
Topics: ai · openai · anthropic · techstocks · artificialintelligence · technews · siliconvalley
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