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AI's economic promise and extinction risk spark mixed market reactions in hours

Market News
11 Sep 2026
24/7 Wall Street
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Neutral
AI's economic promise and extinction risk spark mixed market reactions in hours

On September 9, Elon Musk predicted AI and robots could double the global economy within a decade, sparking optimism. However, within hours, a safety lead from Anthropic warned of a more than 10% chance of human extinction from AI risks in the same timeframe. Despite these conflicting views, the market showed little volatility, with NVIDIA shares dipping slightly but remaining strong overall. The debate highlights the dual narrative around AI's potential for growth and existential risk, with investors watching for regulatory responses and continued tech advancements.

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