On a Monday morning in New York, something unusual happened: the people who built the artificial intelligence boom began arguing publicly that it should slow down. Dario Amodei, chief executive of Anthropic, appealed at the weekend for the AI industry to exercise restraint, warning that "building too fast is reckless." He was not alone. Leaders at OpenAI and SpaceX voiced similar concerns, suggesting that the technology could soon develop in ways that become genuinely difficult to control.
Markets, which had spent years betting enthusiastically on AI's limitless future, responded with something closer to alarm. The sell-off was swift and broadly felt. Nvidia, currently the world's most valuable company and the dominant supplier of chips that power AI systems, closed down 3.3%.
Advanced Micro Devices fell 4%, while Micron Technology and Sandisk each dropped 5%. Across Asia, SoftBank — the Japanese conglomerate that is one of OpenAI's largest backers — slumped a striking 13%. In Europe, the Dutch semiconductor equipment maker ASML, the continent's biggest company by market value, shed 6%. Even Taiwan Semiconductor Manufacturing Company, which supplies chips to virtually every major AI developer, declined 1.
2%. The Nasdaq index, a broad measure of technology stocks, ended the day down 0.5%. Not everyone agreed with the mood.