Asian Markets Drop as AI Industry Faces Calls for Slower Development
Asian shares fall as OpenAI investor SoftBank tumbles after AI leaders urge caution. Global markets react to growing concerns over AI safety.
POLICY WIRE — Hong Kong, China — Asian stock markets closed lower on Monday as shares of companies linked to artificial intelligence, including OpenAI investor SoftBank, declined following calls from top AI executives to slow the industry’s rapid pace.
The Nikkei 225 in Tokyo fell 0.8%, while South Korea’s Kospi dropped 3.3%. SoftBank Group, a major investor in OpenAI, saw its shares plummet 10.7% after OpenAI CEO Sam Altman supported Anthropic CEO Dario Amodei’s warnings about the risks of unregulated AI development.
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Altman also announced that OpenAI would not proceed with an initial public offering this year, focusing instead on ensuring the safety of its AI systems. Meanwhile, oil prices rose as tensions in the Middle East persisted, with Brent crude climbing 2.8% to $107.55 per barrel.
Reporting by Policy-Wire (PW)





