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AI stocks drop as tech companies call to slow down development for safety – National

AI stocks drop as tech companies call to slow down development for safety – National

Artificial-intelligence stocks slid worldwide Monday after leaders of the industry warned a slowdown is needed for the safety of humanity.

Another jump in oil prices, meanwhile, briefly sent the bond market to its latest pressure-raising milestone as the yield on the 10-year Treasury touched five per cent for the first time since 2023.

Despite all the downers for Wall Street, gains for many stocks outside AI helped limit the market’s losses. So did a midday tempering of oil prices, and the S&P 500 fell a relatively modest 0.3 per cent as more stocks rose within the index than fell.

The Dow Jones Industrial Average was down 113 points, or 0.2 per cent, with an hour left in trading, and the Nasdaq composite was 0.3 per cent lower…

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