Dario Amodei · South Korea · Sam Altman · Anthropic · AI Agent · OpenAI · The Guardian Technology
AI-linked stocks fall after call for development slowdown worries investors, business live
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Key facts
- IG’s OpenAI Pre IPO market-cap contract, which had rallied from about $1.38 trillion to $1.64 trillion after the release of Astra, has fallen back to $1.57 trillion on the news, a pullback
- Shares in AI-linked companies in Asia dropped when trading began today, dragging South Korea’s KOSPI index down by 3.7%
- 4.15pm BST: ECB president Christine Lagarde gives speech in Vienna, Austria
- Traders’ optimism about AI has taken a hit after the CEO of Anthropic, Dario Amodei, appealed for the AI industry to “slow down”, a call which was quickly backed by both Altman and Elon Musk
Summary
Investors are reassessing the value of companies driving the artificial intelligence revolution after several leading AI figures called for a slowdown in development for safety reasons. Shares in AI-linked companies in Asia dropped when trading began today, dragging South Korea’s KOSPI index down by 3.7%. SoftBank, a major AI invester, fell by as much as 13% in Tokyo after OpenAI’s chief executive officer Sam Altman said that the ChatGPT-maker won’t go public this year (SoftBank owns a stake in OpenAI). Taipei’s Taiwan Semiconductor Manufacturing Company dropped by 1.2%.