Artificial intelligence stocks tumbled on Monday after American leaders of the AI revolution called for a coordinated slowdown in building more powerful AI systems. Over the weekend, Dario Amodei, the chief executive of Anthropic, published an essay titled "We Must Pace the Frontier," calling for an industry-wide effort to slow AI development. Executives at OpenAI, SpaceX and Microsoft also echoed the concern and called for some sort of pause. Semiconductor stocks bore the brunt of the statements. Chip maker Nvidia fell 3% to $210.96. Its rival AMD lost 4%. Intel plunged 6%. Amid the fears, OpenAI, the company behind ChatGPT, suggested it might be delaying its initial public offering plans.
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