AI-linked stocks slump in Asia after slowdown call; Altman says OpenAI won't IPO this year
nordicinst · x · 2026-09-14
AI-linked stocks slumped as Asian markets opened after leading AI figures called for slowing development over safety concerns, per The Guardian.
Key moves: South Korea's KOSPI fell 3.7% with SK Hynix down 5.75%; SoftBank plunged as much as 13% in Tokyo after Sam Altman said OpenAI won't go public this year (SoftBank holds a stake); TSMC dropped 1.2% in Taipei. OpenAI's pre-IPO market-cap contracts also slipped.
Dario Amodei's call to put brakes on 'reckless' AI development was backed by Altman and Musk — but investors are now asking whether AI CEOs will actually slow down.
Related event: AI Executives Call to Slow Development, AI Stocks Plunge Worldwide(7 posts)→
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