Nasdaq futures drop two percent as tech stock values fall

Nasdaq futures dropped nearly two percent after leaders of OpenAI and Anthropic asked for slower artificial intelligence development to ensure safety. Investor Michael Burry criticized these safety warnings. He called them self-serving hype meant to keep current companies in power. This clash led to market worry about the high prices of artificial intelligence and computer chip stocks. The discussion grew after Anthropic committed to the first step of a new three-part plan to slow down work on frontier models, while OpenAI leaders also pushed for a more measured pace and promised to share access with third-party evaluators.