"It may cause some short-term pressure, but it’s unlikely to derail the longer-term AI trade..."

AI development is slowing. Will this week be a bloodbath for stocks?

Investors including Gary Tan, a portfolio manager at Allspring Global Investments in Singapore, are doubtful the latest developments will have long-lasting effects on the industry.

AI executives are calling for a deliberate slowdown in the pace of advanced model development. This plea may lead to short-term pressure on stocks of chipmakers and supply chains.…

By Sherry Qin and Adria Calatayud

By Sherry Qin and Adria Calatayud

Nasdaq futures fell as OpenAI and Anthropic leaders urged slower AI development for safety. Investor Michael Burry criticized these warnings, labeling them self-serving hype…