Stocks Take Dip As Industry Leaders Sound Alarm Over AI Moving Too Fast

Image for article Stocks Take Dip As Industry Leaders Sound Alarm Over AI Moving Too Fast
News Source : The Daily Caller

News Summary

  • N Nvidia fell roughly 3% in early trading Monday, while Intel dropped more than 5%.
  • The declines followed a rare show of agreement among Big Tech executives that there needed to be a slowdown in AI development.
  • Amazon, Microsoft and Google parent Alphabet traded lower, while the selloff spread to AI-linked stocks overseas.
  • President Donald Trump pushed back against slowing American AI development Sunday, arguing that restraining u.s. companies could allow China to overtake the United States in the race to develop advanced AI.
Tech stocks fell Monday after some of the most prominent executives behind the artificial intelligence (AI) boom warned that the technology was advancing too quickly.

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