The Nasdaq slid 1% on Monday after AI company executives called for a slowdown in developing the technology.

Rolling coverage of the latest economic and financial news

Shares of SoftBank, which owns about 13 per cent of OpenAI, fell over 11 per cent on Monday. South Korea's benchmark index Kospi, home to major suppliers of AI chip stocks,…

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…