Tech Stocks Stumble As Calls For Slower AI Development Mount

(MENAFN- Investor Brand Network) Early trading on Asian stock exchanges saw tech stocks shedding some of the gains they had made recently. The selloff was driven by several factors that included a rise in crude oil prices, expectations of borrowing rate increases and growing calls from tech leaders to reduce the pace of AI development as greater understanding of the risks of the technology is attained.

It remains to be seen how other high-flyers like Micron Technology Inc. (NASDAQ: MU) fare over the coming days as...

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