Monday’s stock market opened under pressure after the CEOs of three major AI companies said the industry should slow down.
AI-linked stocks tumbled on Monday after the bosses of Anthropic, OpenAI and SpaceX called for a slowdown in “reckless” development citing fears the technology could soon run out of control.
Shares in SoftBank, a Japanese investor that is a big backer of OpenAI, slumped 13%, while the South Korean Kospi stock index,
Stock futures fell sharply Monday morning, led by tech stocks, after leading artificial intelligence CEOs called for a slowdown in the pace of developing the revolutionary technology.
In early Monday trading, Nasdaq 100 futures slid by 1.5%, while S&P 500 futures tumbled 0.8%. Leading those losses were shares of technology companies.
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Tech stocks slipped in premarket trading Monday after a weekend of increasingly dire warnings about AI.
Nvidia and SpaceX were both down 2% in premarket trading around 7:30 a.m. ET. Nasdaq 100 futures pointed to a 1.4% decline at the open, suggesting the selling could extend across large-cap tech.
» Read more about: Tech stocks are tumbling as AI apocalypse fears go mainstream »
NEW YORK — Technology stocks fell sharply across Asia, Europe and the United States on Monday after some of the artificial intelligence industry’s most prominent executives called for a slower pace of development, rattling investors who have poured billions of dollars into the sector on bets that rapid AI progress would keep driving corporate profits and stock valuations higher.
Discussions around the development of artificial intelligence – and concerns that it could pose a risk to society –
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You might think that a high student loan balance is a burden exclusive to younger generations, but in the time since federal student loans were first made available in the late 1950s, they’ve had a severe impact on essentially every American cohort old enough to pursue higher education.
Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., Sept. 8, 2026.
Brendan McDermid | Reuters
Stock futures fell early Monday as investors monitored a major shakeup in the pipeline for artificial intelligence initial public offerings amid growing safety concerns,