AI and chip stocks fall after tech CEOs urge slower development
Shares in AI- and chip-related companies fell Monday after executives urged a slower pace of AI development.
Shares of chipmakers and AI-related companies fell Monday after executives at leading U.S. AI firms called for a slower pace of development amid concerns about potential risks to humanity. Shares of SoftBank OTC:SFTBY OTC:SFTBF, an investor in ChatGPT maker OpenAI, tumbled as much as -13.2% in Japan.