China Rejects US AI Executives' Calls to Slow Development as 'Fear Mongering'

GeopoliticsRegulationIndustry Impact 4
โดย CNBC·CNUS·Read original
Summary · why it matters

China on Monday pushed back on calls by U.S. AI executives for companies to slow down development of cutting-edge technology, with Foreign Ministry spokesperson Guo Jiakun calling such talk "fear mongering" that would disrupt global AI governance. Guo was responding to a question about U.S. CEOs including Anthropic's Dario Amodei, OpenAI's Sam Altman and Elon Musk, who have urged the industry to slow down because of the dangers rapid advances pose. China's Minister of State Security, Chen Yixin, published an article on Sunday calling for acceleration of an AI security risk prevention and control system, saying the field has become "the main battleground for global technological competition and a new arena for strategic rivalry among major powers." AI-related stocks slumped on Monday, with SoftBank, one of the biggest investors in OpenAI, down 10% in Japan. U.S. President Donald Trump also rejected the AI bosses' calls, saying "we're leading China in AI... and, frankly I want to keep it that way because whoever wins AI, wins," while President Xi Jinping said at the weekend's BRICS summit in New Delhi that China will take the lead in fostering AI collaboration among developing countries.

Impact on stocks 3

Artificial Intelligence · 2 stocks
Financials · 1 stocks
SoftBank Group Corp.
9984
▼ Negativerelevance

SoftBank, a major OpenAI investor, fell 10% as AI-related stocks slumped amid the US-China AI rivalry and calls to slow development

Theme Impact 2

Off-coverage companies 2

AnthropicPrivate± Mixed
Regulationrelevance

Anthropic CEO Dario Amodei's call to slow AI development was dismissed by China as 'fear mongering'

OpenAIPrivate± Mixed
Regulationrelevance

OpenAI CEO Sam Altman urged slowing AI development, drawing China's 'fear mongering' rebuke and Trump's rejection

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