AI-linked stocks declined globally after leading artificial intelligence executives warned that rapid development of advanced AI systems could create major risks. Shares of SoftBank, chipmakers and semiconductor firms fell as investors reacted to calls from Anthropic, OpenAI and others for stronger safety measures and slower AI advancement

AI-related stocks witnessed sharp declines on Monday after executives from leading artificial intelligence companies warned that the industry must slow the development of advanced AI models to address potential risks.

According to a report by Reuters, Nasdaq e-mini futures dropped 1.3%, while shares of SoftBank, an investor in ChatGPT maker OpenAI, fell as much as 13.2% in Japan.

Semiconductor companies across Asia also faced selling pressure, with firms including Kioxia, Tokyo Electron, Taiwan Semiconductor Manufacturing Company, SK Hynix and Samsung Electronics witnessing declines.

AI safety concerns weigh on investor sentiment