AI stocks tumble globally as tech CEOs warn of risks from rapid development

AI-linked stocks fell sharply across global markets on Monday after executives of leading artificial intelligence companies warned about the risks associated with rapid development of the technology. The post AI stocks tumble globally as tech CEOs warn of risks from rapid development appeared first on Nairametrics .

nairametrics.com ·1h ago

Financial expert Bill Cohen has expressed concern over warnings from major tech CEOs about the risks of artificial intelligence. He told CBS News that he takes these warnings seriously.

The warnings were made by executives of leading AI companies, including Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and xAI CEO Elon Musk. They called for a slowdown in the development of AI models due to associated risks.

Global markets reacted to the warnings, with AI-linked stocks falling sharply. Chipmakers and other companies linked to the AI boom were affected, including Nvidia, Advanced Micro Devices, Meta, and Amazon.

Brief written by urgent.news from CBS News, Nairametrics — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

AI warnings from tech CEOs are a "wake-up call," financial expert says cbsnews.com

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