AI Risks Spark New Scrutiny as Stock Market Remains Calm
The US stock market has been relatively calm this year, despite several potential headwinds such as the Iran war and inflation. However, a new concern has emerged with warnings from top AI executives about the risks associated with artificial intelligence.
AI has become a key driver of economic growth in the US, and its impact is being felt across various industries. Companies like Nvidia and Advanced Micro Devices have seen significant gains, with Nvidia's shares increasing by 18% and AMD's soaring by 155%. The tech-heavy Nasdaq has also surged 13%, while the S&P 500 has jumped 11%
The concern about AI is not just limited to its potential risks but also its growth. According to a study released by ING Markets, AI investment accounted for roughly a third of U.S. gross domestic product growth in 2026.
A recent series of warnings from top AI executives has brought new scrutiny to the sector. Anthropic CEO Dario Amodei published a blog post alerting the public to 'serious' risks, while Sam Altman, chief executive at rival firm OpenAI, acknowledged that AI could go 'very badly'. Elon Musk also echoed this view, citing his own previous warning about the dangers of AI.