A selloff in key artificial intelligence (AI) stocks weighed on the leading U.S. benchmark averages at the start of the trading week.
The tech-heavy Nasdaq Composite Index fell about 200 points, or around 0.7 percent, at 10:15 a.m. ET on Sept. 14. The broad-market S&P 500 also erased nearly 40 points, or 0.5 percent.
The blue-chip Dow Jones Industrial Average tumbled about 100 points, or 0.2 percent.
A chorus of AI executives is urging a slowdown in global artificial‑intelligence development, raising concerns that an industrywide pause could send disruptive ripple effects through the broader tech sector.
“We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of the time we gain,” Anthropic CEO Dario Amodei wrote in a Sept. 12 essay….