Trump attacks ‘sick conspiracy’ against AI as tech stocks slide
President hits out after Anthropic, OpenAI and SpaceX leaders back call to limit ‘reckless’ development Business news – live updates Donald Trump has dismissed calls to increase controls on AI as a “sick conspiracy”, as stocks linked to the technology slumped after appeals from leading developers on the weekend for the industry to slow down. The US president wrote on social media: “The only…
Donald Trump dismissed concerns over increased regulation for artificial intelligence as a "sick conspiracy" on Monday, as stocks linked to AI-linked companies plummeted. This came in the wake of a call for a slowdown in AI development from executives of Anthropic, OpenAI and SpaceX. Shares in the semiconductor giant Nvidia fell 3%, while rivals AMD, Micron Technology and SanDisk dropped by 4.4%, 5% and 5% respectively.
The sharp sell-off followed the chief executive of Anthropic, Dario Amodei, urging for a more cautious approach in AI development. Trump, however, claimed that only "a STRONG AND SMART (High IQ!) PRESIDENT" could provide the necessary "control and guardrails" for the technology. The president also claimed his administration had "stopped AI 'people' from doing bad, or potentially bad, 'things'".
Shares in SoftBank, a major backer of OpenAI, fell 13%, while the South Korean Kospi index, heavily reliant on AI-chipmakers, dropped by 3%. Taiwan Semiconductor Manufacturing Company, a major global microchip supplier, saw its shares slip by 1.2%.
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- Trump attacks ‘sick conspiracy’ against AI as tech stocks slide theguardian.com
