AI stocks tumble as Amodei, Altman, Musk back call to slow 'reckless' AI development
nordicinst · x · 2026-09-14
AI-linked stocks fell sharply on Monday after Anthropic CEO Dario Amodei published an essay urging the industry to slow down 'reckless' AI development, with Sam Altman, Demis Hassabis and Elon Musk publicly backing the call. SoftBank, a major OpenAI backer, slumped 13%; Korea's Kospi dropped 3%; TSMC fell 1.2%; Nasdaq futures pointed to a 1.3% decline. Amodei warned a swarm of AI agents could 'take over the entire internet' and cause hundreds of billions in damage—claims some experts dispute—while investors began pricing in a slowdown that could threaten the industry's ability to fund hundreds of billions in AI infrastructure.
Related event: AI Leaders Call to Slow Development, AI Stocks Plunge 13%(3 posts)→
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