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European Tech Stocks Hit Six-Week Low as AI Slowdown Calls Rattle Investors
Key Takeaways
- European tech stocks fell to a six-week low after AI-linked shares slumped across Asia and Europe.
- South Korea's KOSPI dropped 3.7%, SK Hynix fell 5.75%, SoftBank slid as much as 13% and TSMC lost 1.2%.
- SoftBank's decline followed Sam Altman saying OpenAI will not go public this year; SoftBank holds a stake in the company.
- Anthropic CEO Dario Amodei called for the AI industry to slow down, warning that building too fast is reckless and that AI agents could one day take over the internet.
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DT Editorial Team··via theguardian.com