The Aporia · Tech stocks fall after calls for AI development to slow

Tech stocks fall after calls for AI development to slow

Read the original at Evening Standard ↗

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Wise, A. (2026, September 14). Tech stocks fall after calls for AI development to slow. Evening Standard. https://www.standard.co.uk/business/business-news/spacex-elon-musk-donald-trump-wall-street-intel-b1296965.html

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Quick Summary

Tech stocks worldwide have dropped following warnings from leading figures in the artificial intelligence industry, including Elon Musk and Anthropic’s Sam Altman, who supported calls to slow down AI development due to safety concerns. This comes after Dario Amodei of Anthropic expressed worries about rapid advancements since summer that could put control of the internet at risk. The article highlights how these developments might affect upcoming stock market launches like Anthropic's anticipated IPO and discusses potential regulatory implications while noting that demand for AI is still high, potentially mitigating financial impacts despite calls to slow down development.

Written by AI on 2026-09-14, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

AI-related stocks declined globally on Monday, following warnings from leading AI executives about the need for a slowdown in development to address safety concerns. This selloff was particularly evident among tech giants like Nvidia, which saw its shares fall by over 3%, and other chipmakers such as Micron Technology, down more than 5%. The broader Nasdaq Composite index dropped by 0.6% while the S&P 500 fell 0.5%.

The sell-off was exacerbated by Donald Trump's dismissive comments on social media, where he labeled calls for regulation of AI a "sick conspiracy" and suggested that only a strong leader could prevent misuse, implying his own leadership as sufficient guard against potential risks.

Meanwhile, the Australian sharemarket futures pointed to a 0.2% slide at the open, mirroring global trends. Despite these challenges, some non-AI-focused stocks showed resilience, such as Intuit, which gained 5.5%.

Written for “AI Development Slowdown Concerns” on 2026-10-30, grounded in this article and the 11 other(s) covering the same event.

Compared with similar articles

This article reads leans left and hedges 50% of its claims. Each row says how that neighbour differs.

Tech stocks slump after AI execs call for industry slowdown Same event

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Hedges 1 of 24 claims Outlet record 66/100

Tech leaders say they want to slow down the development of AI amid growing fear Same event

Los Angeles Times

Hedges 5 of 38 claims Outlet record 95/100

Tech stock selloff after AI leaders call for slowdown in development Same event

CBS News

Hedges 0 of 3 claims Outlet record 66/100

AI-linked stocks slide after tech bosses call for slowdown in ‘reckless’ development Same event

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Hedges 10 of 32 claims Outlet record 66/100

Ex-Anthropic researcher warns AI could grow "smart enough to kill us" Different event

CBS News

Hedges 10 of 37 claims Outlet record 66/100

“The articles cover different events: one is a warning from an ex-Anthropic researcher about AI risks, while the other discusses market reactions to broader calls for slowing AI development.”

We have nothing to fear but AI fear itself Different event

Semafor

⚖️ Leans right further right than this Hedges 3 of 13 claims Outlet record 60/100

“Article A discusses a researcher's resignation from Anthropic and concerns about AI leading to human extinction, while Article B reports on tech stocks falling due to calls for slowing down AI development by industry leaders.”

'It's going to be fine': Trump rebuffs rising alarm over AI dangers, sparking outcry Different event

Los Angeles Times

⚖️ Leans right further right than this Hedges 10 of 54 claims Outlet record 95/100

“Article A reports on President Trump's stance on AI, while Article B discusses the impact of warnings from AI leaders on tech stocks.”

How the AI apocalypse story escaped containment Different event

Semafor

Hedges 5 of 32 claims Outlet record 60/100

“While both articles discuss similar concerns raised by AI leaders, Article A focuses on the specifics of Amodei's proposal and its implications, while Article B reports on the market reaction to the calls for slowing down AI development.”

Trump decries critics of AI, saying they're 'negative forces' with exaggerated concerns Different event

CBC News

Hedges 4 of 34 claims Outlet record 60/100

“The articles describe different events: one is about Trump's comments on AI, while the other discusses global tech stock declines following warnings from AI industry leaders.”

Two researchers who left Anthropic and Google warn AI could become ‘uncontrollable’ Different event

NBC News

⚖️ Leans left Hedges 10 of 37 claims Outlet record 60/100

“Article A reports on an interview with two researchers from Anthropic and Google, while Article B discusses a broader market reaction to calls for slowing AI development.”

Signals How these are calculated →

Claims extracted

sentences that state something as happening or true

Uncertain

50%

5 of 10 hedged ("reportedly", "may", "according to")

Leaning

Leans left

of the writing, not the subject · beta estimate

Publisher signals

65/100

Evening Standard's corrections and hedging, across everything collected from it. Not a measure of accuracy.

Outlets on this story

Technology

Same framing elsewhere

articles that frame the event the way this one does

Who wrote this

Anna Wise

67 article(s) here · 1 carrying a prediction

🔮 Bank taxes are set to rise by less than some in the industry had feared, as the Chancellor said he was asking “a bit more” from banks to help fund support on energy bills.

2026-10-28 · assertive framing · Bank taxes to rise by less than some feared to help fund ‘breathing space’

🔮 But this was set against bigger AI spending ambitions, he said, adding: “The four biggest hyperscalers are projected to spend over five trillion US dollars (£3.76 trillion) on AI-related capital expenditure between 2025 and 2030.

2026-10-28 · assertive framing · S4 Capital shares tumble after sales hit by sluggish marketing spend

🔮 The costs were partly offset by TSB’s contribution to profits of £96 million from May to September, while customer deposits and the mortgage loan book also increased following the acquisition. Santander said it was still integrating the smaller rival after nearly 1,000 of its staff moved over at the beginning of the month. But it is also expecting to find cost “synergies” worth around £400 million by the end of 2028 from the merger. UK chief executive Mahesh Aditya also said the bank was targeting further cost efficiency savings this year “driven by simplification and automation”. “We also continued to deliver against our wider strategic priorities to deepen customer relationships and enhance operational efficiency, while leveraging Banco Santander’s global technology platforms and AI capabilities to provide the support our customers need,” he said.

2026-10-28 · assertive framing · Santander UK bolstered by TSB takeover as it targets cost ‘synergies’

🔮 Claude chatbot maker Anthropic has kicked off plans to launch its shares on the US’s stock market, proclaiming artificial intelligence could help cure diseases such as cancer and grow economies around the world.

2026-10-26 · assertive framing · AI can help cure cancer, Anthropic suggests in filing for US stock market float

🔮 Banks set to report stronger profits as they face prospect of tax hike Banks are widely speculated to be a target with Mr Healey thought to be considering increasing the surcharge on profits from 3% to 8% – reversing a tax cut for the sector introduced by former Conservative chancellor Jeremy Hunt.

2026-10-25 · assertive framing · Banks set to report stronger profits as they face prospect of tax hike

2026-10-23 · assertive framing · Banks set to report stronger profits as they face prospect of tax hike

🔮 The closures were expected to help offset an expected increase in betting taxes of up to £135 million a year from 2027 due to changes affecting online gambling firms introduced by former chancellor Rachel Reeves.

2026-10-23 · assertive framing · Evoke urges no further gambling tax hikes in Budget after 270 shops shut

🔮 “AI has an important role to play and may have a more important role to play in the future.

2026-10-22 · assertive framing · Barclays to cut 5,000 jobs this year as AI makes work more efficient

🔮 Inflation rising to the highest rate in almost a year makes it more likely that the Bank of England will hike interest rates next month, with living costs set to rise further this winter, economists think.

2026-10-21 · assertive framing · Interest rate hike ‘firmly on table’ after inflation rises to 11-month high

🔮 But he said the Government’s decision on Wednesday to begin drilling in the Jackdaw gas field in the North Sea was investment “in our clean energy future and supporting British workers”. “Maintaining our fiscal discipline and drive for growth in every postcode, while giving businesses and families some breathing space.” Experts said the latest figures could put more pressure on Mr Healey to unveil new cost-of-living support measures in his autumn Budget statement next week.

2026-10-21 · assertive framing · UK inflation jumps to highest rate in almost a year after fuel prices climb

Also by Anna Wise

Bank taxes to rise by less than some feared to help fund ‘breathing space’

2026-10-28 · Evening Standard

S4 Capital shares tumble after sales hit by sluggish marketing spend

2026-10-28 · Evening Standard

Santander UK bolstered by TSB takeover as it targets cost ‘synergies’

2026-10-28 · Evening Standard

AI can help cure cancer, Anthropic suggests in filing for US stock market float

2026-10-26 · Evening Standard

Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 67 articles by Anna Wise →

Narrative

Claims (10 extracted, 5 hedged)

Global technology stocks have slumped after warnings from artificial intelligence (AI) bosses sparked fears that the pace of the technology’s development could slow. uncertain

pace → slump → development

It follows losses for tech and AI stocks on Asian stock markets overnight. asserted

It → follow → markets

Over the weekend, Mr Musk and OpenAI leader Sam Altman backed a call from the boss of Anthropic for the AI industry to “slow down” to give safety measures time to catch up. asserted

industry → back → time

Dario Amodei wrote in an essay that he was concerned about AI “advancing drastically faster” since the summer and that the technology could be capable of taking over the entire internet. uncertain

technology → write → internet

Anthropic is preparing to launch its shares on the US stock market in what is anticipated to be one of the world’s largest initial public offerings (IPO). asserted

what → prepare → offerings

Ben Barringer, head of technology research at Quilter Cheviot, said Mr Amodei may wish to be seen to be leading the debate around the responsible use of AI. “The company is also in IPO mode so Amodei will want to show the company is a good steward of investors’ capital, while there may also be an element of looking to push a fresh regulatory agenda and push for more controls that may ultimately be beneficial for Anthropic. uncertain

that → say → Anthropic

“Regardless of this, it has clearly spooked the market that the pace of change may slow. uncertain

pace → spook → change

“However, while things may slow somewhat, the pace of change is still going to be vast. uncertain

pace → slow → change

“Demand still far outstrips supply, so even if things are to slow a little, company revenues are unlikely to be impacted.” asserted

revenues → outstrip → supply

Donald Trump responded on Monday to criticise what he described as a “sick conspiracy” against AI and data centres and pushed back against the calls for greater regulation to ensure safety measures can catch up. asserted

measures → respond → regulation

Tech stocks fall after calls for AI development to slow

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Claims (10 extracted, 5 hedged)