European Shares Fall Amid AI Concerns and Rising Oil Prices

European shares declined by 0.3% on Monday, September 14, amid concerns over the rapid pace of artificial intelligence development and a surge in oil prices.

The STOXX 600 index fell to around 637.5 points as tech stocks dropped about 2%, following declines in Asian markets and US equity futures.

Anthropic CEO Dario Amodei called for slowing AI model capabilities, warning that companies need more time to address potential misuse and safety risks.

Oil prices rose over 2% due to new Houthi attacks on Saudi Arabia and Iranian strikes on ships in the Gulf, intensifying concerns about energy supplies and inflation.