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Asia AI stocks fall amid development slowdown
Artificial intelligence and semiconductors' company stocks declined in Asian markets after prominent officials called for slowing down the development of advanced models due to the risks associated with their use and their negative impacts on society and security. Shares such as SoftBank, Quoxia, and Tokyo Electron in Japan, as well as SK Hynix and Samsung Electronics in South Korea, saw significant drops following warnings from officials like Dario Amodei, Sam Altman, and Elon Musk. These leaders cautioned about the rapid pace of technological development, warning of potential increased security threats and uncontrolled developments—particularly with AI models being used in activities related to weapon development, electronic operations, and fraud. These calls to set boundaries on artificial intelligence development reflect growing global concerns about the safety of the technology and the responsibility of companies and governments in managing these risks.
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