AI Stocks Plummet Amid Calls For Slowdown—Softbank Chief’s Fortune Drops By $8 Billion The sharp decline of AI stocks has left investors reeling as regulatory pressures grow.
The International Organization for Standardization (ISO) plans to establish guidelines for AI development, which could slow innovation in the short term but lead to more sustainable growth.
Major players in the industry are already feeling the impact. SoftBank's CEO, Masayoshi Son, has seen his net worth drop by $8 billion due to losses in his company's AI portfolio.