AI stocks fall as development risks weigh on markets
SoftBank, an investor in OpenAI, fell as much as 13% after technology leaders reportedly called for a slowdown in AI development.
Global AI-related stocks came under pressure after technology leaders called for a slowdown in artificial intelligence development, according to the Financial Times.
SoftBank, an investor in OpenAI, fell as much as 13% during trading. The available report does not provide a closing price or establish that the calls alone caused the market moves.
The source material does not identify the technology leaders involved or detail the scale of declines across other AI-related stocks.
The market reaction follows concerns over risks associated with the pace of AI development. The reported calls add to scrutiny of the sector as investors assess the implications of continued investment in the technology.
US President Donald Trump has previously rejected calls to slow AI development, while supporting safeguards and arguing that the US should maintain its competitiveness with China.
