AI stocks slide after top industry CEOs call for slowdown of technology’s development | CNN Business

摘要: A live feed shows Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York, on June 12, 2026.

Jeenah Moon

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A live feed shows Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York, on June 12, 2026.

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AI-linked stocks tumbled Monday after the CEOs of some of the companies developing the most advanced AI models called for a slowdown in the technology’s development to allow for more guardrails to be put in place.

Nasdaq futures fell 1.5%, dragged down by premarket declines in chipmakers Nvidia and Intel. Shares in SoftBank, which is invested in ChatGPT-creator OpenAI, closed nearly 11% lower in Japan. South Korea’s Kospi sank 3.3%, hurt by a 6.4% fall in chipmaker SK Hynix. In Europe, Dutch semiconductor manufacturer ASML was down 6%.

The downward moves come after Dario Amodei, the CEO of Anthropic, which is behind AI chatbot Claude,

called for a slowdown

in the pace at which the technology advances in a

lengthy essay

shared on X.

“AI brings risks, and because it is such a powerful technology, these risks are serious,” he said. “They include the risk of losing control of AI systems, misuse of AI for cyberattacks and bioterrorism, and serious economic disruption.”

AI developers should pace the rate at which the technology advances “so that “risk prevention has time to keep up,” he added. “We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of the time we gain.”

Both Sam Altman, OpenAI CEO, and Elon Musk, who runs xAI, said in posts on X that they agree with Amodei.

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