The AI industry faces potential deceleration after Anthropic CEO Dario Amodei published an essay advocating for slower model development. OpenAI CEO Sam Altman and xAI owner Elon Musk have publicly expressed their agreement with this position, citing safety concerns and industry-wide progress trends.
Market reaction was immediate, with major semiconductor stocks suffering significant losses on Monday. Nvidia shares fell by 3%, Intel dropped over 5%, and AMD declined by approximately 6%. Marvell Technology saw a decrease of up to 7.5%, while the Philadelphia Semiconductor Index slid nearly 6%.
In contrast, the cryptocurrency market showed resilience. Bitcoin reached a peak of $78 280, marking a nearly 2% increase since midnight UTC. Ethereum rose by 2.1% to trade near $2 514, and XRP gained 3.3%. The total market capitalization for the sector grew by about 1.5%.
Positive sentiment in the crypto space is also supported by legislative developments. The probability of the Clarity Act passing in 2026 rose to 31% on Polymarket following updates to ethics provisions. The Senate is scheduled to hold a cloture vote on Tuesday, requiring 60 votes to advance.
