Share this story
Reporting
The significant drop in SoftBank's share price, alongside a notable decline in Kioxia's stock, appears to be linked to broader market anxieties surrounding the rapid advancement of artificial intelligence. SoftBank, a major investor in technology firms, and Kioxia, a semiconductor manufacturer crucial to AI infrastructure, are directly exposed to shifts in investor sentiment regarding the AI sector.
This market reaction follows high-profile calls from figures like Sam Altman, CEO of OpenAI, and Elon Musk for a pause or slowdown in the development of advanced AI systems. These concerns, often citing potential societal and existential risks, have resonated within the investment community, leading to a reassessment of valuations for companies heavily involved in or reliant upon AI technology.
“SoftBank Share Price Tanks 13%, Kioxia Falls 10% As Sam Altman, Elon Musk Back AI Slowdown”
NDTV Profit
The Musk Wire aggregates and deduplicates public feeds; it does not republish articles. Continue to news.google.com to read the reporting in full.