Trump used a live call with Jensen Huang to reject warnings that AI could threaten humanity. He said the fears were 'all a hoax,' argued that data centers make people and states wealthy, and described them as 'the oil of the next 20-25 years.'
Huang was speaking on stage at the All-In Summit in Los Angeles when he took the call on speakerphone. Trump also said critics of AI are helping people who do not want the technology to advance, and suggested those critics could be political actors or China.
The push for caution is real. Anthropic CEO Dario Amodei published an essay over the weekend urging the industry to 'slow the pace' of frontier AI development. He said AI risks include loss of control, cyberattacks, bioterrorism, and economic disruption. OpenAI CEO Sam Altman and SpaceX CEO Elon Musk backed that view.
Huang, for his part, said the panic creates a false choice between fast innovation and safety. He also praised Anthropic researcher Jacob Coxon for resigning and raising concerns, saying organizations should take whistleblowers seriously.
By the numbers, the market is already reacting. Semafor said American workers worried about technology taking their jobs rose 7 percentage points in the past year, while La República reported Nvidia shares fell 3.4% Monday.
Why it matters: the fight is no longer just about AI models. It is about who controls the buildout, who pays for the data centers, and whether Washington lets fear slow a technology with huge economic upside. The bottom line: Trump is betting on speed, scale, and private capital, while critics want guardrails before the administrative state or China shape the rules.