AI-related stocks dropped sharply Monday after the CEOs of U.S. companies developing the most advanced AI models warned that the pace of development must slow to avoid threats to humanity.
Nasdaq e-mini futures fell 1.3% during Asian trade. Shares in ChatGPT-maker OpenAI's investor SoftBank tumbled as much as 13.2% in Japan.
Anthropic CEO Dario Amodei called on AI companies Saturday to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said that they agree with Amodei.
The Anthropic CEO wrote that in six to 12 months, AI agents "could be capable of taking over the entire internet potentially causing hundreds of billions of dollars in damage."
OpenAI's Altman also said the company would not proceed with an initial public offering (IPO) this year, citing safety concerns.
