Tech Stocks Stumble as Calls for Slower AI Development Mount
Early trading on Asian stock exchanges saw tech stocks shedding some of the gains they had made recently. The selloff was driven by several factors that included a rise in crude oil prices, expectations of borrowing rate increases and growing calls from tech leaders to reduce the pace of AI development as greater understanding of the risks of the technology is attained. On Saturday, Dario Amodei, Anthropic’s CEO, wrote an essay in which he urged the tech industry to collectively pump the brakes on the speed at which they were bringing new AI systems online. He explained that it was…