European Tech Stocks Hit by AI Boss Risk Warnings
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Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development, while a jump in oil prices sapped risk sentiment further. Tech stocks led declines as traders fretted that efforts to rein in the advance of cutting-edge AI could dent the boom driving hundreds of billions of dollars in capital expenditure. Nasdaq 100 futures sank 1.4%. OpenAI backer SoftBank Group Corp. slid the most in three months in Japan, while South Korea’s Kospi index slumped 3.3%. In Europe, the Stoxx 600 was little changed. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. Chapters: 00:00:00 - AI Slowdown Fears Hit Markets 00:04:28 - Oil Jumps on Middle East Tensions 00:06:37 - Fed, BOE and BOJ Decisions in Focus 00:11:19 - Saudi Pipeline Closure Pushes Oil Higher 00:14:51 - Central Banks, AI and the Market Outlook 00:24:48 - Margrethe Vestager on Europe’s AI Strategy 00:33:09 - Thoma Bravo on AI, Software and Private Equity
Tags: AI, Alcon, Aneeka Gupta, BOJ, Bitcoin, Bonds, Brent Crude, CEO, Commerzbank, David Endicott, ECB, Euro, Euro Stoxx, European stocks, FTSE 100, Fed, France Budget, Gas Prices, Gold, Inflation
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