US Stocks-AI warnings knock Nasdaq futures, pressure tech stocks

Concerns about the potential harm from AI intensified when Anthropic researcher Jacob Coxon resigned last week, citing that the "people building AI earnestly believe that it could kill us all by the end of the decade."

Still, some investors urged skepticism toward such doomsday warnings.

Michael Burry, known for his successful bets against the U.S. housing market in 2008, posted on X that the warnings were an attempt by major players to stifle smaller competitors.

Annex Wealth Management Chief Economic Strategist Brian Jacobsen also questioned the credibility of the warnings.

"The strongest arguments for caution are those grounded in evidence, not fear. We should be wary both of incumbent firms seeking to protect their position and of confident predictions about outcomes that no one can reliably quantify," he said.