Trump Declares AI 'Hoax Buster' as US and China Clash Over Frontier AI Risks
· World · CNBC, Axios
US President Donald Trump has branded himself the 'Hoax Buster' after dismissing AI safety warnings as a hoax, calling fears of runaway AI a 'HOAX' and accusing China of benefiting from such concerns. Cohere CEO Aidan Gomez warned that AI models are becoming the 'most potent cyber weapon' due to their ability to exploit vulnerabilities at scale, while China rejected calls to slow AI development, instead advocating for stronger security systems. Trump’s rhetoric followed a social media barrage against AI executives like Dario Amodei of Anthropic, who had called for a slowdown in AI advancement. Nvidia CEO Jensen Huang was publicly confronted by Trump at the All-in Summit in Los Angeles, where Trump claimed AI advancements were economically beneficial but not a threat. Meanwhile, AI-related stocks fell amid rising oil prices and a 10-year Treasury yield briefly exceeding 5% ahead of the Federal Reserve’s decision.
Why it matters
The clash between Trump’s dismissive stance and AI industry warnings could shape global AI governance, influencing regulatory approaches in the US and abroad. Tech investors and cybersecurity experts are directly affected by the shifting narratives on AI risks, while China’s push for AI security systems may impact global tech competition and data sovereignty policies.
Read the original report — CNBC
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