By Sherry Qin and Adria Calatayud
European chip stocks followed Asian peers lower, after leaders of the world's biggest AI companies called for the industry to slow development of the technology for safety reasons.
Anthropic Chief Executive Dario Amodei called for the AI industry to slow down development of frontier AI models to provide sufficient time to ensure it is being done safely in an essay over the weekend.
Meanwhile, in an interview with Fortune, Sam Altman said OpenAI likely wouldn't go public this year given all the safety concerns. "I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don't feel pressure on that."
Shortly after the European opening bell on Monday, shares in Dutch semiconductor-equipment giant ASML Holding fell 4.3%, while those in smaller peers ASM International and BE Semiconductor Industries dropped more than 5%.
