Trillions of dollars have been wiped off the stock value of major tech firms in the US, Europe and Asia after the US midterm elections sparked concerns of a slowdown in artificial intelligence (AI) development.

Shares in firms across the tech sector plummeted following Democratic wins in Tuesday’s midterms.

A number of Democratic candidates had run campaigns on slowing AI development – and there are broader concerns about whether the huge sums being spent on the technology will pay off.

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Tenerife striker Jesus de Miguel has died after he suffered a serious injury during a Spanish second-division match.

The 30-year-old suffered head and chest injuries during a match against FC Andorra on Monday, in a heavy collision with goalkeeper Jesus Owono, who was sent off for his challenge.

Spanish media, including Marca, reported De Miguel suffered a cardiac arrest in the ambulance and was resuscitated by paramedics on the way to hospital.

The Spanish football federation announced that Tuesday’s Spanish Cup fixtures had been postponed.

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Hundreds of thousands of demonstrators are taking part in marches across France as five unions join strikes and protests in a national day of action.

The protests began in September with high school students complaining about poor conditions and resources in education, but have spread to include the so-called “yellow-vest” movement and workers.

Authorities expect 500,000 to 700,000 demonstrators to join marches, with tens of thousands more in Paris alone, in a day billed by one union leader as “a great day of convergence”.

The five unions have combined forces across the public and private sector, with demands for higher wages to combat the cost of living and protected public services.

Interior Minister Laurent Nuñez has said that 70,000 police and gendarmes are being deployed, vowing “an extremely firm response” to any potential outbreaks of violence.

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AI juggernaut Anthropic could “pose catastrophic or existential risks to humanity,” its owners warned last week, “if not developed, deployed, and operated with appropriate safeguards, oversight, and security measures”.

It’s one of many similarly dire predictions AI companies have made about their own products in recent months, but this one is distinct, because it is part of the company’s pitch to future shareholders. Anthropic will be the first fully AI-focused company to list on the US stock market, with what is expected to be a record-breaking valuation. Launching its IPO means revealing truths about its finances and its ethics to the public.

So what’s in that public filing? And why does Anthropic’s leadership want investors to believe AI might destroy the world? The BBC’s AI correspondent Marc Cieslak joins The Global Story’s Asma Khalid to explain.

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00:00 Introduction
01:02 What it means for Anthropic to go public
04:06 Anthropic owners’ concerns over AI safety
07:55 Why Anthropic is the first AI company to go public
11:03 Anthropic warn of risks in IPO filing
13:01 Why do they think people want to invest in their company?
15:31 The possible global impact
18:48 What does going public mean for Anthropic’s ethics?

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