Shares in artificial intelligence-related companies fell sharply across Asian markets on Monday, after some of the industry's most prominent chief executives warned that the breakneck pace of AI development needs to slow down.
Anthropic's co-founder Dario Amodei called for AI firms to rein in how quickly they push forward the capabilities of their models, citing growing concern about misuse of the technology.
Elon Musk, head of SpaceXAI, and OpenAI's Sam Altman both said they shared Amodei's concerns. Altman later confirmed that OpenAI would not go ahead with a stock market listing this year, pointing to safety worries.
In Tokyo, shares in SoftBank, a major OpenAI investor, plunged as much as 13.2 per cent, while memory chipmaker Kioxia dropped nearly 10 per cent and Tokyo Electron fell 3.7 per cent.
Analysts warned of further drops in share prices. “Selling pressure is likely to hit AI and semiconductor-related stocks in Tokyo following a series of weekend comments calling for a slowdown,” said Takayuki Miyajima of Sony Financial Group.
Chinese and Hong Kong-listed AI firms were also hit hard, with chatbot developer Z.ai tumbling over 10 per cent following a discounted share sale.
Last week, Anthropic published a report detailing how its Claude models had been exploited for activities including weapons development and cyberattacks. One of the firm’s researchers, Jacob Coxon, resigned on 8 September, warning that AI could “kill us all by the end of the decade.” Altman separately described the risk of human extinction from AI as “unacceptable.”
The European Union has seized on the moment to push for international regulation. Commission Executive Vice President Henna Virkkunen said global rules were “really needed,” noting that while EU law already compels firms to assess loss-of-control risks, no such requirement exists worldwide.
Germany's Digital Minister Karsten Wildberger has proposed a global watchdog for AI safety modelled on the UN nuclear watchdog, the IAEA. The U.S. and China are expected to hold safety talks this month.
However, U.S. President Donald Trump has dismissed AI critics as “very negative forces,” insisting the U.S. must remain the industry's leader.
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European leaders gathered in Dublin on Thursday, 12 November, for the ninth European Political Community (EPC) summit, with security, defence and energy high on the agenda. Azerbaijani President Ilham Aliyev held talks focused on peace, trade and regional cooperation.
Iran will not let a single particle of its enriched nuclear material leave the country, and any new U.S. attack would be met with strikes on distant American bases, Iranian security chief Mohsen Rezaei has said.
Nvidia chief executive Jensen Huang is stepping down amid reports linking him to a woman suspected by U.S. authorities of spying for China, throwing the future of the $4 trillion chipmaker into uncertainty.
Kazakhstan’s security service has arrested Nurlan Zhakupov, CEO of Samruk-Kazyna, the country’s sovereign wealth fund, on suspicion of corruption. Yelzhas Otynshiyev, Chairman of KTZ, Kazakhstan’s national railway firm has also been detained.
Eight people have been killed and at least 17 injured after an apartment building collapsed into a neighbouring construction site in Brooklyn, New York, as rescuers continued searching the rubble for possible survivors.
NASA is inviting people to send their names to Titan, Saturn’s largest moon, aboard its Dragonfly spacecraft. Set to arrive in late 2034, the mission will explore dunes and an impact crater in search of clues about how the chemical ingredients for life may have formed.
Environmental organisations worldwide are increasingly using artificial intelligence to monitor wildfires, protect endangered species and analyse climate data, even as the technology's rising energy and water consumption raises concerns about its environmental impact.
U.S. President Donald Trump said on Friday he would support states seeking to generate wealth through artificial intelligence, pledging to work with them as Democrats outlined plans to address the technology following Tuesday’s elections, which unsettled markets.
Dubai will host GITEX Global 2026 from 7 to 11 December, bringing together global technology leaders, governments and investors as surging demand for artificial intelligence (AI) puts pressure on energy supplies, computing capacity and digital infrastructure.
Saudi Aramco's acquisition of a 49 per cent stake in artificial intelligence (AI) company HUMAIN is putting a spotlight on a wider investment question: why are some of the world's biggest energy companies moving deeper into AI, and what do they expect to gain?
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