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Tech 🃏 Jester’s Take

Nothing calms a market like a CEO warning about the apocalypse right before his own IPO.

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.

Photograph: Guardian World

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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