Tech stock selloff after AI leaders call for slowdown in development

Calls from AI leaders to slow development triggered a global selloff in tech stocks on Monday. Jessica Inskip from StockBrokers.com discussed the market impact on The Daily Report. Meanwhile, President Trump rejected these warnings via social media, labeling claims regarding AI risks to humanity as a hoax. He compared these concerns to climate change and described the movement to decelerate AI progress as a sick conspiracy, opposing the cautious approach advocated by industry leaders.