{
  "id": 7347476,
  "title": "Trump attacks ‘sick conspiracy’ against AI as tech stocks slide",
  "url": "https://urgent.news/2026/09/14/trump-attacks-sick-conspiracy-against-ai-as-tech-stocks-slide",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-14T14:54:00.000Z",
  "source": {
    "name": "Guardian Technology",
    "slug": "guardian-technology",
    "url": "https://www.theguardian.com/business/2026/sep/14/ai-linked-stocks-fall-tech-bosses-call-slowdown-anthropic-openai"
  },
  "original_language": "en",
  "account": "U.S. President Donald Trump dismissed calls to impose more controls on artificial intelligence (AI), calling the suggestion a \"sick conspiracy.\" The criticism came as tech stocks linked to AI experienced a decline after leaders from Anthropic, OpenAI, Google DeepMind, and SpaceX advocated for a slower pace of AI development. These prominent figures included Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, Google DeepMind Chair Demis Hassabis, and SpaceX CEO Elon Musk. Trump argued that the only necessary \"guardrails\" for AI were a strong and intelligent leader, asserting that the United States possessed such a leader. He further alleged that the primary beneficiary of the perceived conspiracy against AI was China.\n\nAmodei's essay cautioned that an excessive and rapid development of AI could result in hundreds of billions of dollars in damages and potential control over the internet. Although some experts have disputed his claims, investors promptly began pricing in a potential slowdown that could make it more challenging for the AI industry to fund its substantial investments in infrastructure. As a result, the tech-heavy Nasdaq index experienced a 0.8% drop on Monday due to a sell-off of US chip and memory stocks. Notable declines included Semisiconductor designer Nvidia (-3.3%), Advanced Micro Devices (-5.6%), Micron Technology (-6%), Sandisk (-5%), SoftBank (-13%), and the South Korean Kospi stock index (-3%). Taiwan Semiconductor Manufacturing Company (TSMC) also saw a 1.2% decline. In Europe, ASML, Europe's largest technology company and key supplier to the semiconductor industry, saw a 5.4% decrease.\n\nHowever, some sectors less directly impacted by AI showed resilience, such as advertising group WPP (+3.1%) and analytics business Relx (+4.2%). Experts suggest that despite the growing concerns surrounding AI development, AI companies continue to heavily invest in their technology due to intense competition and the likelihood of China not standing still.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Guardian Business",
        "title": "Trump attacks ‘sick conspiracy’ against AI as tech stocks slide",
        "url": "https://urgent.news/2026/09/14/trump-attacks-sick-conspiracy-against-ai-as-tech-stocks-slide-7353593",
        "published": "2026-09-14T14:54:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}