AI-linked stocks fall after call for development slowdown worries investors – business live

Rolling coverage of the latest economic and financial news AI CEOs say they need to slow the pace of development.

But will they? The Guardian view on controlling AI: humanity cannot outsource its survival The anticipated value of AI developer OpenAI has dropped over the weekend, following the call for a slowdown in the industry.

OpenAI is currently a private company, but broker IG are running a contract where traders can bet on the company’s value.

IG’s OpenAI Pre IPO market-cap contract, which had rallied from about $1.38 trillion to $1.64 trillion after the release of Astra, has fallen back to $1.57 trillion on the news — a pullback of about $70 billion from that high.

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