Stock market losses were further increased by another jump in oil prices after Saudi Arabia closed an important oil pipeline, and the latest US inflation data barely reduced expectations that the country’s central bank (FED) will raise interest rates this week.
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On Monday in Asia, chip manufacturers’ stocks mostly fell after the CEO of the US AI company Anthropic, Dario Amodei, urged AI companies on Saturday to limit development – or coordinate a slowdown in technology development – to better understand emerging risks. One of his main concerns is the so-called “recursive self-improvement,” where AI could create its own new generation.
