AI-linked stocks tumbled Monday after the CEOs of some of the companies developing the most advanced AI models called for a slowdown in the technology’s development.

SoftBank Group plunges 13% after OpenAI says IPO will not come this year

Anthropic CEO Dario Amodei called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence.

By Sherry Qin and Adria Calatayud