Tech markets gain 1.6% as AI giants face regulatory pressure and safety concerns, while Intel and SK Hynix rally on manufacturing expansion plans.
Tesla faces regulatory scrutiny from NHTSA regarding the self-certification process for its autonomous Cybercab.
Shares rose over 3% on reports of manufacturing expansion plans to address memory chip shortages.
OpenAI disclosed concerning model behavior but is planning a high-valuation funding round, creating mixed signals.
Intel shares rose more than 3% due to plans hosting SK Hynix manufacturing facilities.
Anthropic's CEO called for an AI slowdown, yet the company is preparing for an IPO this fall.
Meta unveiled a new subscription service to monetize AI spending, diversifying revenue streams.
SpaceX is mentioned in the context of AI safety calls and potential collaboration with Tesla.
Okta's CEO discussed the need for regulation and safety measures as AI agents become more prevalent.
Tech stocks climbed 1.6% on Thursday following interest rate adjustments, even as AI industry leaders including OpenAI and Anthropic warned of potential model risks. While executives call for a development slowdown, major firms continue to pursue aggressive funding and infrastructure expansion, highlighting a complex landscape of regulatory scrutiny and market growth.
CEOs from OpenAI and Anthropic cite concerns over the potential for advanced AI models to cause harm, though critics suggest these calls may be a strategic attempt to consolidate power and discourage new competition.