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PolicyDavid Sacks

AI Development "Pace Adjustment" Debate Triggers Sharp Fall in Related Stocks; U.S. PCAST Co-Chair Criticizes Use for Regulation

AI-related stocks, including SoftBank and Kioxia, fell significantly following comments from CEOs of Anthropic and OpenAI regarding the need to adjust the pace of AI development. Meanwhile, David Sacks, Co-Chair of the U.S. President's Council of Advisors on Science and Technology (PCAST), argued that a slowdown in development should not be used as a condition for demanding regulatory frameworks.