Business & Finance

AI-linked stocks fall after tech leaders call to slow development

SoftBank and chipmaker shares dropped following warnings from top executives, though US President Donald Trump rejected slowing down.

Updated Sep 14, 2026 · 08:49 UTC2 reports

Latest update: Donald Trump rejected calls to slow AI development, emphasizing the US lead over China.

The short version

Tech leaders, including Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman, publicly urged a slower pace of AI development over safety risks.[The Guardian · ABC News]
SoftBank Group shares plunged over 10%, while major Asian stock indexes like South Korea's Kospi also lost ground.[The Guardian · ABC News]
Sam Altman stated that OpenAI will delay its initial public stock offering this year to prioritize safety concerns.[ABC News]
US President Donald Trump dismissed calls to slow AI development, citing the strategic necessity of maintaining a competitive lead over China.[The Guardian]

OpenAI CEO Sam Altman backed Anthropic CEO Dario Amodei's call to slow AI industry development due to safety concerns.[The Guardian · ABC News]
SoftBank Group's stock price fell significantly following the public statements by tech executives.[The Guardian · ABC News]
Sam Altman confirmed OpenAI will not pursue an initial public stock offering this year.[ABC News]
Donald Trump explicitly rejected calls to slow down AI development, emphasizing the US lead over China.[The Guardian]

Outlets reported differing percentage drops for SoftBank's share decline and the South Korean Kospi index decline.[The Guardian · ABC News]

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.