Why the call to slow down AI has led to sales of the sector
Anthropic CEO Dario Amodei’s proposal to slow down the development of artificial intelligence (AI) for security reasons provoked a sell-off in the sector. On September 12, Amodeus published an essay urging the industry to slow down the pace of AI development. And on September 14, shares of companies related to the sector went down around the world. Shares of SoftBank, the largest investor in OpenAI, on the Japanese exchange fell 10.72% to 5,839 yen ($37.7) from the previous close. Shares of memory chip maker Kioxia lost 6.37% and traded at 50,590 yen ($326.63). Papers of the supplier of equipment for the production of chips Tokyo Electron fell by 1.03% to 50,930 yen ($ 328.82). In South Korea, shares of SK Hynix fell 6.35% to 1,697 won ($1.26), Samsung Electronics - 4.05% to 249,000 won ($184.43). The US paper also fell in price: the developer of chips and platforms for teaching language models Nvidia lost 0.03% to $ 218.29, and the provider of cloud infrastructure for AI Oracle - 1.74% to $ 150.28. The NASDAQ CTA Artificial Intelligence Index (NQINTEL), which tracks AI-related tech, industrial and healthcare companies, fell 2.98% to 4,645.42.
Anthropic CEO Dario Amodei’s proposal to slow down the development of artificial intelligence (AI) for security reasons provoked a sell-off in the sector. On September 12, Amodeus published an essay urging the industry to slow down the pace of AI development. And on September 14, shares of companies related to the sector went down around the world. Shares of SoftBank, the largest investor in OpenAI, on the Japanese exchange fell 10.72% to 5,839 yen ($37.7) from the previous close. Shares of memory chip maker Kioxia lost 6.37% and traded at 50,590 yen ($326.63). Papers of the supplier of equipment for the production of chips Tokyo Electron fell by 1.03% to 50,930 yen ($ 328.82). In South Korea, shares of SK Hynix fell 6.35% to 1,697 won ($1.26), Samsung Electronics - 4.05% to 249,000 won ($184.43). The US paper also fell in price: the developer of chips and platforms for teaching language models Nvidia lost 0.03% to $ 218.29, and the provider of cloud infrastructure for AI Oracle - 1.74% to $ 150.28. The NASDAQ CTA Artificial Intelligence Index (NQINTEL), which tracks AI-related tech, industrial and healthcare companies, fell 2.98% to 4,645.42.
