European Tech Stocks Hit by AI Boss Risk Warnings
Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, while a jump in oil prices sapped risk sentiment further. Tech stocks led...
By Bloomberg Markets · Bloomberg Markets
Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, while a jump in oil prices sapped risk sentiment further. Tech stocks led declines as traders fretted that efforts to rein in the advance of cutting-edge AI could dent the boom driving hundreds of billions of dollars in capital expenditure. Nasdaq 100 futures sank 1.4%. OpenAI backer SoftBank Group Corp. slid the most in three months in Japan, while South Korea’s Kospi index slumped 3.3%. In Europe, the Stoxx 600 was little changed. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)