Stock futures fell on Monday as investors monitored a major shakeup in the pipeline for artificial intelligence initial public offerings amid growing safety concerns as well as the latest oil moves. S&P 500 futures lost 0.7%, while Nasdaq-100 futures tumbled 1.7%. Dow Jones Industrial Average futures fell 224 points, or 0.4%. Global AI-related stocks fell after Anthropic CEO Dario Amodei called for a slowdown of the development of AI capabilities, with other major tech figures backing the proposal. Amodei said in an essay on Saturday that AI companies need to slow the pace of innovation for their best models due to safety risks and told CBS News on Sunday that the “toughest dilemma” about such a proposal is what would happen if China did not do the same. Meanwhile, OpenAI CEO Sam Altman said in a Saturday interview an IPO this year would be “ill-advised.” AI darling Nvidia fell 2% in premarket trading. Broadcom dropped 4%, while Advanced Micro Devices, Intel, and Marvell Technology declined 5%, 6%, and 7%, respectively. The Federal Reserve gathers for its September policy meeting this week. Fed funds futures traders are pricing in a roughly 88% likelihood of a rate hike, according to CME’s FedWatch tool. In Asia, Japan’s Nikkei 225 closed 0.81% lower, while South Korea’s Kospi fell 3.26%. Australia’s benchmark S&P/ASX 200 inched 0.10% higher. Mainland China’s CSI 300 closed 0.67% lower at 4,480.08. Elsewhere, oil prices rose after Saudi Arabia shuttered a key pipeline that bypasses the Strait of Hormuz. West Texas Intermediate crude futures were up 4% at above $104 per barrel, while Brent crude futures gained 4% to above $109. U.S. crude prices broke above $100 per barrel last week for the first time since May amid an escalation of conflict in the Middle East. Last week’s rally in oil prices dragged on the three major stock averages. The Dow slid 1.6%, marking its biggest weekly loss since March. The S&P 500 and Nasdaq Composite shed about 0.8% and 0.7%, respectively. Gold prices slipped ​on Monday, as expectations of a U.S. Federal Reserve interest rate hike this week strengthened after recent hot inflation data and rallying oil prices. Spot gold was down 0.9% at $4,308.24 per ⁠ounce after posting a third straight weekly ⁠decline on Friday. U.S. gold futures dropped 1.4% to $4,348.50. The dollar firmed at over one-week high, making greenback-priced bullion more expensive for holders of other currencies.