Markets Reel From AI Warnings: AI-linked stocks fell sharply on Monday, with losses extending into Tuesday trading, after leaders of the biggest AI companies warned of serious risks from the technology. The Nasdaq 100 slid as much as 1.2% before paring losses, while the Philadelphia semiconductor index dropped 5.2%. Nvidia, AMD and Micron led chip stocks lower. Anthropic CEO Dario Amodei called for a slower pace of AI development, and Sam Altman and Elon Musk both agreed with him.
\n\nAmodei Sounds Alarm: Anthropic CEO Dario Amodei wrote an essay titled "We Must Pace the Frontier", shared on X on Saturday. He said AI progress had accelerated "drastically faster" since summer 2026, driven largely by AI's growing ability to build the next generation of AI. Amodei warned that within six to 12 months, AI agents "could be capable of taking over the entire internet, potentially causing hundreds of billions of dollars in damage." He proposed a three-step plan involving independent safety testing, evaluations of advanced models and cooperation among AI companies.
\n\nAltman Joins Chorus: OpenAI CEO Sam Altman backed Amodei's call, reposting his essay on X. He wrote, "I agree with Dario that we need to pace the frontier. This has…
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