Tesla’s “flying” Roadster gets a reveal date, and robotaxi calls police on riders carrying homemade gun

Stocks and futures retreated after major artificial intelligence companies called for a slowdown in the technology’s development, raising concerns about a sector that has powered this year’s rally. Oil rose.

MSCI’s Asia Pacific equities index dropped 0.8%, with the Kospi Index — a barometer of AI investment — falling 3.4%. Chipmakers SK Hynix and Samsung Electronics lost over 4% in Seoul.

SoftBank Group slumped as much as 13% in Tokyo after OpenAI’s chief executive officer Sam Altman said the company won’t go public this year.

Investors are re-evaluating the AI trade to gauge whether the weekend’s warnings could curb corporate spending and challenge earnings expectations across the supply chain.

The shift comes at the start of a pivotal week for markets, with a Fed meeting ahead as rising oil prices fuel inflation concerns and keep borrowing costs elevated.

“Warnings that AI development needs to slow down, combined with another leg higher in oil prices after the Saudi East-West pipeline closure, is a difficult mix for risk assets,” said KCM Trade chief market analyst Tim Waterer.

The sight of the 10-year Treasury yield on the doorstep of the 5% level is another nervous sign for stocks.”

Markets Live strategist Mark Cranfield said the Kospi’s directional correlation with US stocks had declined since Korean stocks slumped in July.

“But a fresh period of weakness would be tough for Nasdaq companies to ignore, especially as the AI executives calling for slower development of the technology are from the American side,” Cranfield said.

Anthropic PBC chief executive officer Dario Amodei said Saturday that the company would introduce additional safeguards, including independent third-party evaluations.

Amodei urged the broader industry to slow the development of its most advanced models. OpenAI’s Altman backed the proposal, while xAI’s Elon Musk said “Dario is right.”

US President Donald Trump downplayed the growing alarm over AI risks, questioning how committed industry leaders will be to slowing development amid intense competition from Chinese rivals.

The debate adds to scrutiny of the billions being poured into AI and whether earnings can justify soaring infrastructure costs.

In cryptocurrencies, Bitcoin rose 0.2% to $77,464.48 while Ether was little changed at $2,509.99 [Bloomberg]

5 things happening in tech around the world

A Waymo robotaxi

Tesla announces official reveal date for second-generation Roadster after nearly a decade’s delay: Tesla plans to unveil the second iteration of its much-delayed all-electric Roadster hypercar on 10 October 2026. The original concept of the vehicle was first revealed in 2017. According to a report from The Information, a SpaceX-inspired version of the Roadster will be able to fly, and a teaser website suggests it could come with cold-gas thrusters. [Engadget]

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Beijing banning recreational drones after plane crashed into Citic Tower: China’s city of Beijing has banned the possession and use of recreational drones to bolster security in the capital after a light aircraft crashed into the city’s tallest skyscraper in June. Residents have until 14 November to relocate their drones and drone parts outside the city, and the government will offer a buyback program. [Bloomberg]

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Mexican police seized 300 GPUs and satellite links in raid of cartel’s crypto farm: Law enforcement authorities in the Puebla region of Mexico seized 300 graphics cards, 80-medium-voltage terminals, and eight satellite antennae from a crypto farm operated by a drug cartel last week. The operation was the fourth of its kind discovered in the area since early 2025. [Reuters]

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Waymo robotaxi calls cops on riders handling loaded AR-style homemade gun: San Francisco police conducted a “high-risk” vehicle stop and arrested two juveniles after a Waymo autonomous vehicle’s interior cameras spotted them handling a loaded AR-style assault rifle. In addition to a ghost fun, police found “suspected” marijuana and mace spray on the passengers. [Tom’s Hardware]

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**Apple developing two gaming controllers for iPhone: **According to Bloomberg’s Mark Gurman, Apple has been working on gaming controllers for its smartphones for more than a year. While the company already sells third-party controllers from brands including Backbone and Steelseries, these models could potentially feature its own Beats brand. [Bloomberg]

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