Carl Quintanilla, David Faber and Sara Eisen covered lots of AI news moving the markets: Chip stocks tumbled after AI industry leaders called for an AI slowdown. Anthropic CEO Dario Amodei set the tone with his essay on the topic. OpenAI CEO Sam Altman and SpaceX and Tesla CEO Elon Musk were among those who agreed with what Amodei wrote. Altman told Fortune he is ruling out an OpenAI IPO for 2026. The anchors also discussed crude oil, gasoline and diesel prices surging ahead of this week&#x27;s Fed meeting and decision on interest rates. Also in focus: President Trump&#x27;s take on AI fears, former President Obama reportedly told Democrats to focus on AI oversight, Microsoft&#x27;s &quot;Humanist AI Code of Conduct,&quot; software stocks rally, retail stocks downgraded, 18 years since Lehman Brothers&#x27; bankruptcy filing.<br>Squawk on the Street Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

9AM HOUR: AI Leaders Call For Slowdown, Chips Slide, OpenAI's Altman Rules Out 2026 IPO 9/14/26

Squawk on the Street

[SPEAKER_05] Market Insight and Analysis. You're listening to the opening bell of CNBC's Squawk on the Street.

[SPEAKER_08] Good Monday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Sarah Eisen, David Faber at Post 9 of the New York Stock Exchange. Kramer is on assignment, getting ready for Dreamforce out west. Watch the rotation today as the AI trade is in the crosshairs after Dario Amodei's warning that Frontier AI needs to be paced. Fed meeting this week where the hike is now a base case, 10-year 498. Brent's closing in on 110 again as that Saudi east-west pipeline

[SPEAKER_08] is now expected to be shut for several weeks following that Houthi attack. Our roadmap begins with AI leaders calling for a timeout. The CEOs of Anthropic, OpenAI, XAI and others warning the

[SPEAKER_05] technology is moving too fast. Plus when it comes to those leaders in terms of training new models, we are playing the IPO waiting game. Sam Altman in an interview tapped the brakes on the chance of a public debut for OpenAI this year, saying it would be, quote, ill-advised.

[SPEAKER_03] And Fed expectations. Goldman Sachs and other major banks now calling for a rate hike this week.

[SPEAKER_08] Let's begin with the AI industry. Leaders calling for a slowdown. Anthropic's Dario Amodei setting the tone with his essay. Sam Altman and Elon Musk among those agreeing with what he wrote. This is what he had to say in an interview on CBS Sunday morning.

[SPEAKER_04] There are real dangers. And I think for too long, the industry lied to people about the fact that this technology had risk. The idea was that they would present it as positive as possible. We've never done that.

9AM HOUR: AI Leaders Call For Slowdown, Chips Slide, OpenAI's Altman Rules Out 2026 IPO 9/14/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

9AM HOUR: AI Leaders Call For Slowdown, Chips Slide, OpenAI's Altman Rules Out 2026 IPO 9/14/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.