AI development should slow down, leading developers have warned, as the industry faces growing calls to put safety ahead of profits. The comments weighed heavily on technology shares on Monday.

Sam Altman and Dario Amodei back slower AI development, raising concerns over AI stocks, Nvidia, AMD, Micron and future AI spending. | Business News

SoftBank shares dropped over 13% after Anthropic's Dario Amodei and OpenAI's Sam Altman called for slower AI development, clouding the OpenAI IPO

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

Asian shares are mixed and U.S. futures have edged lower

By Sherry Qin and Adria Calatayud

AI safety concerns push tech stocks lower in Asia; oil spike also weakens sentiment