Futures Slide on AI Warnings; Oil Tops $108

Futures Slide on AI Warnings; Oil Tops $108

Dario Amodei, Anthropic CEO, in hedcut engraving portrait, seated and gesturing mid-speech
Dario Amodei, Anthropic's chief executive, urged the AI industry to slow down as tech futures fell.Illustration: The Frank

The News

U.S. stock futures fell sharply Monday morning, led lower by technology shares, after leading artificial-intelligence executives called for the industry to slow down the pace of development for safety reasons.

Anthropic CEO Dario Amodei urged AI companies to ease off, the latest in a run of warnings about the technology's risks, Reuters reported. Amodei said swarms of rogue AI agents could take over the internet within six months if development goes uncontained, according to IBTimes.

A second shock hit at the same time: oil and gasoline prices jumped again as the Houthis, an Iranian proxy, intensified a military campaign at a key Middle East energy transit point. Brent crude climbed above $108 a barrel.

Timeline

Sunday, Sept. 13

Stock futures drop in overnight trading as investors weigh AI safety concerns and rising oil prices, CNBC reported. The three major U.S. averages were coming off a losing week.

Overnight into Monday, Sept. 14

Technology stocks slide worldwide on the AI warnings while Brent crude pushes above $108 a barrel, pressuring financial markets.

Monday morning, Sept. 14

Nasdaq futures are knocked lower and tech shares stay under pressure, Reuters reported, as calls for an AI slowdown grow louder and oil and gas keep climbing on the Houthi campaign.

Reactions

Amodei's call for a slower build-out is the loudest voice yet in what Reuters described as a series of warnings reflecting growing concern across the tech industry over AI safety. IBTimes reported his specific warning about rogue AI agents overrunning the internet inside six months.

Wall Street's worry is the flip side of that safety argument. Citigroup warned that AI has carried the stock market this year and that a slowdown in model development could drag down earnings revisions — the factor MarketWatch reported has been crucial to this year's gains.

What's Next

Investors will watch whether the AI industry's slowdown talk turns into actual changes in spending and product timelines, and whether the earnings revisions Citigroup flagged start moving.

On energy, the direction of crude depends on the Houthi campaign at the energy transit point — further disruption keeps upward pressure on oil and gasoline prices.

More

The Numbers

Brent crude traded above $108 a barrel. U.S. futures fell sharply Monday morning with technology leading the decline, after all three major U.S. averages finished the prior week lower.

Poll

Should AI companies slow down development for safety?

Yes — the risks are real
0.0%
No — slowing down costs us the lead
0.0%
Only with government rules
0.0%
Not sure
0.0%

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