Arya News - US president says current oversight is adequate and regulations could allow China to win AI competition.
Calls for increased government oversight of artificial intelligence are unnecessary and part of a “conspiracy” aimed at allowing China to out-develop the United States in the technology, said US President Donald Trump.
“There is a SICK conspiracy going on against AI and data centers, and the only one that is happy about it is China,” Trump wrote in a Truth Social post on Monday.
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list of 3 items list 1 of 3 Trump dismisses calls for AI slowdown from leading tech CEOs list 2 of 3 ‘Silent Cold War’: Why calls to slow AI have sparked new US–China frontier list 3 of 3 China rejects AI ‘threat narratives’, urges global cooperation end of list Trump said his administration had already stopped AI companies from doing “bad, or potentially bad” things, referring to Anthropic CEO Dario Amodei “who is now pretending to be a ‘perfect little angel’ — and we will continue to do so” and warned those he called “conspiracy theorists, treasonists, traitors, and leakers”.
“The only control or ‘guardrails’ that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the U.S.A. has that, in spades!” Trump wrote.
It is the second day in a row that the US president has dismissed calls for an AI slowdown as concerns grow among legislators , technology experts and AI company executives over the potential for it to rapidly surpass human control.
“I think you have a lot of negative forces that are bringing that up and they’re bringing up things that won’t happen,” Trump said on Sunday, similarly dismissing the concerns in the rapidly growing industry.
Dire warnings from AI executives
The concerns were prompted in part by Anthropic’s Amodei publishing a blog post on Saturday saying the AI industry needed to slow the pace of improving its capabilities to allow time for guardrails to be established. Amodei wrote that in six to 12 months, AI agents “could be capable of taking over the entire internet, potentially causing hundreds of billions of dollars in damage”.
He outlined a three-step framework intended to pace development and create more time to manage its risks. The proposal was immediately endorsed by several other executives at major AI companies, including Elon Musk, who runs xAI, and OpenAI CEO Sam Altman.
Last week, US lawmakers and industry experts were alarmed by a former Anthropic researcher, Jacob Coxon, who said he resigned over concerns the technology being developed at the company had the potential to surpass human control. “The people building AI earnestly believe that it could kill us all by the end of the decade,” Coxon said in a widely shared post on X.
On Friday, Anthropic released a report saying it had intervened to stop its Claude model from being used for potentially harmful activities, including cyber-espionage, weapons design and mass surveillance.
Users of the model had asked it to do the work of software engineers and conduct a variety of tasks, including writing missile-guidance and flight-control software, requests made from users in northern Yemen, where Iran-backed Houthis are stepping up a missile campaign targeting Saudi Arabia.
Other users had attempted to use Claude, the company said, to create potential bio-weapons for military use.
The company said it had stopped many of those attempts through internal safeguards and had no evidence the group was able to field a working weapon, although they did appear to have conducted an unsuccessful test-fire.
AI stocks plunge
The spectre of uncontrollable AI is already having an impact on the industry, prompting Altman to delay the IPO of OpenAI, which was targeting a valuation of up to $1 trillion for its stock market debut, one of three AI companies thought to be at the trillion dollar value mark.
AI-linked stocks plunged across the globe on Monday morning after days of warnings by AI corporate executives.
Wall Street’s elite tech index, the Nasdaq 100, slid 1.7 percent in early trading. Chip stocks, which have led the AI rush, fell the most.
“If this does lead to sort of a slowdown and a rethink of AI spending, that will have ramifications for the economy and some important sectors of the stock market, because essentially, we’ve been running hot based on AI spending,” said Steve Sosnick, chief market analyst at Interactive Brokers.
The Philadelphia chip index dropped 6 percent, with Nvidia down 3.5 percent, Advanced Micro Devices was off 5.6 percent, Micron fell 6.7 percent, while Musk’s SpaceX was 2.5 percent down.
Semiconductor equipment makers Lam Research and Applied Materials tumbled 8 percent and 7 percent, while tech utilities Bloom Energy lost 8.9 percent and GE Vernova declined 7.6 percent.
Europe’s tech sector fell 2.3 percent, dragged down by ASML’s 6.7 percent decline, alongside steep losses in Infineon and Siemens Energy. In Asia, SoftBank plunged as much as 13.2 percent and chipmakers TSMC and SK Hynix also retreated.