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US Stocks Plummet as AI Warnings Spark Market Volatility

Guavy AI Editorial Team
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The US stock market took a sharp turn downward on Monday, led by tech stocks after top executives warned of the dangers of rapidly advancing AI technology. Anthropic CEO Dario Amodei called for a slowdown in AI development due to safety concerns.

Amodei's comments were echoed by Elon Musk and Sam Altman, adding weight to the warnings. The market reacted swiftly, with tech stocks plummeting in value.

The market is also bracing itself for a potential 90% chance of a Fed rate hike this week. Attention will be on Fed Chair Kevin Warsh's statement, along with updated staff projections and the dot plot.

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