Will robots take over?
“The robots will not be taking over.
President Trump spoke with Nvidia CEO Jensen Huang, who was speaking before a live audience. This came amid calls from major AI figures to slow down the race. Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman both agreed that the industry needs to pace the frontier. Elon Musk concurred. This consensus surprised investors, who saw a drop in AI-related stocks.
The Technology Select Sector SPDR Fund (XLK) fell by 1.8 percent, and the VanEck Semiconductor ETF (SMH) dropped by 4.75 percent. Semiconductors are crucial for AI, and their drop showed the impact of slowing development. Amodei's essay warned that AI could be a threat by the end of the decade. A researcher's resignation and an earlier hack incident fueled these anxieties.
Trump dismissed the warnings, arguing that the US must lead in AI to remain ahead of China. Nvidia's CEO disagreed, stating that AI safety is an engineering issue rather than a reason to slow development. Following the call, AI stocks began to recover. While there's still strong spending on AI, investors may need to brace for more caution as safety becomes a bigger focus in policy debates.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
