{
  "id": 7247472,
  "title": "Tech firms hit by AI slowdown call with Fed expected to hike rates",
  "url": "https://urgent.news/2026/09/14/tech-firms-hit-by-ai-slowdown-call-with-fed-expected-to-hike-rates-7247472",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-14T04:33:03.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/09/14/tech-firms-hit-by-ai-slowdown-call-with-fed-expected-to-hike-rates/235146"
  },
  "original_language": "en",
  "account": "Hong Kong, September 14 - Tech companies experienced a significant decline in their stock prices following calls for a slowdown in AI development from industry leaders. The drop was further exacerbated by a surge in oil prices, triggered by Saudi Arabia's closure of a crucial pipeline. Inflation data from the US did little to mitigate expectations that the Federal Reserve would raise interest rates this week. Chipmakers took the lead in the Asian market sell-off, with major players such as Anthropic CEO Dario Amodei, OpenAI's Sam Altman, and Elon Musk's xAI urging for a more cautious approach to AI development. Amodei specifically warned about the risks associated with \"recursive self-improvement\" and the potential for AI to surpass human control, which could ultimately threaten human existence. This sentiment was echoed by other researchers and even Elon Musk, who expressed agreement with Amodei's concerns. Despite opposition from US President Donald Trump and criticism from House Speaker Mike Johnson, traders opted to sell their tech shares on Monday. Companies like SoftBank, Kioxia, and Advantest suffered heavy losses, while South Korean SK hynix and Samsung also experienced declines. The broader market sentiment was also impacted, with major indices like the Tokyo, Hong Kong, Shanghai, Taipei, and Manila indices reporting significant losses, while some markets in Sydney, Singapore, and Wellington managed to gain. The selling was further fueled by the expectation of a Federal Reserve rate hike aimed at curbing stubbornly high inflation, which remained well above the bank's two percent target. Analysts noted that a Fed hiking cycle could negatively impact risk assets, especially if nominal and real Treasury yields hit new highs and equity markets continued to face selling pressure.",
  "summary": "HONG KONG, Sept 14 —Tech firms tumbled today after leaders of companies at the forefront of the AI boom back...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Tech firms hit by AI slowdown call with Fed expected to hike rates",
        "url": "https://urgent.news/2026/09/14/tech-firms-hit-by-ai-slowdown-call-with-fed-expected-to-hike-rates",
        "published": "2026-09-14T04:02:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}