{
  "id": 7305855,
  "title": "Global AI stocks fall as industry chiefs call for slowing development",
  "url": "https://urgent.news/2026/09/14/global-ai-stocks-fall-as-industry-chiefs-call-for-slowing-development",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-14T11:13:00.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/artificial-intelligence/global-ai-stocks-fall-as-industry-chiefs-call-for-slowing-development/articleshow/134239897.cms"
  },
  "original_language": "en",
  "account": "AI-linked stocks experienced a sharp decline on Monday following warnings from industry leaders about the potential risks associated with rapid AI development. The most notable threat was highlighted by Anthropic CEO Dario Amodei in an essay shared on X, advocating for a slowdown in AI model advancement due to mounting concerns over AI misuse. Both Elon Musk and Sam Altman, leaders of xAI and OpenAI respectively, acknowledged the validity of Amodei's concerns. Altman also announced that his company would not proceed with an IPO this year, citing safety issues.\n\nThese comments intensified scrutiny on AI-related sectors, which have been fueled by companies relying on debt and circular financing to finance their AI ambitions. At the same time, spending forecasts have been pushed higher as global yields, indicative of borrowing costs, have surged to multi-year highs. If AI development slows significantly, key questions arise about who will bear the costs of existing infrastructure, including leases, debt, and power commitments. Analyst Ipek Ozkardeskaya noted that the industry faces increasing credit risk.\n\nAI-related stocks suffered substantial losses, with the Nasdaq e-mini futures dropping 1.9%, while chip stocks saw the steepest declines. Nvidia fell 3%, Advanced Micro Devices shed 5.7%, and Elon Musk's SpaceX dropped 2.6%. European tech stocks also experienced a decline of 2.5%, with chip equipment giant ASML falling 5.8%, Infineon plummeting 8.4%, and AI equipment manufacturer Siemens Energy losing 7.4%. In Asia, SoftBank, a major investor in OpenAI, plummeted as much as 13.2%, while Taiwan Semiconductor Manufacturing Company fell 1.2%, and South Korea's SK Hynix slid 6.3%.\n\nThe warnings from industry leaders have raised concerns about the sustainability of the AI investment cycle. Some investors dismissed the concerns as hype, but others argue that the record capital spending commitments indicate that AI development is unlikely to slow down anytime soon. The competitive race between companies and countries remains intense, making it difficult to envision firms voluntarily slowing down their pace of progress. Despite the warnings, the overhang created by these concerns is likely to persist, potentially impacting AI and chip stocks in the short term.",
  "summary": "Anthropic CEO Dario Amodei, in a lengthy essay shared on X on Saturday, called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligence. Both Elon Musk, who runs xAI, and Sam Altman, CEO of OpenAI, said they agree with Amodei.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}