Stocks making the biggest moves midday: Zscaler, CrowdStrike, Marvell Technology, Rum Group & more

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Stocks making the biggest moves midday: ZS, CRWD, MRVL, RUM Skip Navigation Markets Business Investing Tech Politics & Policy Video Watchlist Investing Club PRO Livestream Menu Check out some of the companies making the biggest moves midday: Mara Holdings The digital infrastructure provider's stock slid 2% after JPMorgan double-downgraded to underweight from overweight. The bank said competitors have more direct growth and value acceleration opportunities tied to data centers than Mara. Rum Group The AI infrastructure and video company, which hosts President Donald Trump's Truth Social platform, saw its stock rise 18%. The Information reported that Anthropic reached a six-year, $13.7 billion deal for Rum Group to provide computing power. Chip stocks Chip stocks fell after Anthropic CEO Dario Amodei and senior executives in artificial intelligence called for a slowdown in the development of AI capabilities. Nvidia 's stock eased nearly 3%. Shares of Intel and Advanced M...

Trump says AI safety fears a 'hoax' as he rejects calls for greater safeguards

To play this video you need to enable JavaScript in your browser. This video can not be played Figure caption, Watch: "Great" or "alarming" - Should AI be reined in? By Peter Hoskins Business reporter Published 16 minutes ago US President Donald Trump has said fears about the safety of AI are a "hoax", as he criticised calls to have more guardrails for the fast-moving technology. It comes after Jack Clark, a co-founder of AI giant Anthropic, told the BBC that a "kill switch" for dangerous AI that can be checked by a third party may need to be mandatory for the industry. Clark's comments followed warnings about the risks the technology poses to humanity that have been raised in recent days by several executives and staff at leading AI firms. Those concerns triggered a selloff in shares of some tech firms on Monday as investors weighed the impact of a potential slowdown in the development of AI. In a series of social media posts on Monday, the US president compared warnings about AI to the "Global Warming Scam", that he said was "being perpetrated by the Radical Left Dumocrats". Trump also called himself "the Hoax Buster", likening concerns about the safety of the technology to "the RUSSIA, RUSSIA, RUSSIA HOAX". In an earlier post, he wrote: "There is a SICK conspiracy going on against AI and Data Centers, and the only one that is happy about it is China. WHOEVER WINS AI, WINS!" On Monday, Chinese state media said experts had warned that "Washington's growing anxiety over China's rapid AI development appears to be increasingly distorting its policy priorities". "They know that China has become a strong competitor in AI, and worry that if the US slows down development or tightens regulation, China could catch up even faster," Xin Qiang, a professor of American Studies at Fudan University, told the Global Times. Clark, who is one of Anthropic's seven founders, said earlier on Monday that a way of shutting off AI software completely if it gets too dangerous was something society "might want to eventually pass rules around". He added that "most labs have different ways of being able to pull the plug", including Anthropic, but said lawmakers may need to enforce having one. Clark's comments add to the growing number of tech industry and political figures calling for better safeguards. On Monday, Microsoft AI became the latest major company to discuss limiting the models it is developing, as it published an outline document on what it called "humanist AI". The firm's chief executive Mustafa Suleyman told business news channel CNBC that it had been working on the new guidance for months and had decided to publish it now due to the current debate around the technology. Image source, Reuters AI regulation faces political deadlock as calls grow for Congress to act Published 1 hour ago Why are there concerns AI could threaten humanity, and how real are they? Published 16 hours ago China criticises idea it is in...

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