C3.ai Stock Drops 8% Due to AI Caution and Regulatory Concerns
• C3.ai stock dropped 8% on Tuesday due to comments by OpenAI CEO and regulatory developments in EU • Sam Altman expressed caution about rapid advance of AI, warning "things could go wrong" • Altman clarified he's more concerned about "subtle societal misalignments" than ill intentions • EU committees advanced the AI Act to regulate AI use across 27 member countries • Investors wary of downsides and increased regulations contributing to stock drop