Asian markets end lower as AI stocks slide amid calls by AI CEO's to slow frontier AI development
Mumbai, Sept. 14 -- Major Asian markets closed lower on Monday, with AI-linked stocks coming under pressure as a growing number of technology leaders backed calls for a more measured pace of artificial intelligence development amid concerns over the risks associated with increasingly powerful AI systems.
South Korea's KOSPI was among the biggest decliners, ending 3.37 per cent lower at 6,684.37. Japan's Nikkei 225 declined 0.83 per cent to 63,485, while Taiwan Weighted fell 0.70 per cent. Thailand's SET Composite also declined 0.85 per cent and Jakarta Composite slipped 0.10 per cent.
Among major AI-linked companies, Samsung Electronics fell more than 4 per cent on the KOSPI, while Taiwan Semiconductor Manufacturing Company (TSMC) decli...
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