Tech stocks slide on AI slowdown talks

On September 14, Anthropic CEO Dario Amodei called for AI companies to slow down their development pace, sparking concerns across the tech industry regarding AI safety. Tech stocks worldwide plummeted, with Asia's KOSPI index falling by 3.3% and the U.S. Nasdaq index dipping 0.8%. Chip stocks in the US faced the heaviest losses, while software stocks saw a sharp rally.

Market analysts argue that the slowdown talk may be a knee-jerk reaction, not supported by any concrete data. They believe AI is still in its infancy and that it's too early to expect a slowdown. The AI trade may be experiencing a gradual winding down rather than a crash, which could be beneficial for the long-term valuation of the sector.