AI Leaders Seek Slowing Pace, Nvidia Down 2.49%, Micron Falls 5.82%

Top AI leaders, including Nvidia Corp., Broadcom Inc., and Advanced Micro Devices Inc., have asked for a slowdown in AI development to address concerns over the potential risks of AI systems, including losing control, misuse for cyberattacks, and economic disruption. Memory stocks took the worst hit, with Micron Technology Inc. and SanDisk Corp. falling 5.82% and 6.14%, respectively. The leaders proposed a three-step plan to temper the improvement of model capabilities without sacrificing commercial advantage or the US lead.