"Hoax": Nvidia CEO Puts Trump On Phone While Downplaying Dangers Of AI

Nvidia Corp. Chief Executive Officer Jensen Huang took a live phone call from Donald Trump during a panel discussion Monday, allowing the US president to dismiss artificial intelligence dangers as a "hoax."

During the call, which Huang received on stage at the All-In Summit in Los Angeles, Trump criticized the push to slow the pace of AI development as politically motivated or a Chinese scheme. Huang agreed with the president, saying Trump had seen through the complexities of the issue.

The AI pushback is "just playing right into the hands of a lot of people that don't want to see it happen," Trump said. "And that could be political people. It could also be China."

Even while downplaying AI risks, Huang praised an Anthropic PBC researcher who resigned over the fears. The employee, Jacob Coxon, was courageous to voice his concerns, the CEO said. Whistleblowers should be taken seriously inside organizations, he added.

However, the panic has created a false choice between fast innovation and AI safety, Huang said.

The potential danger of AI to humanity has become a topic of intense discussion in recent days. After Coxon resigned, saying Anthropic and OpenAI were "gambling with our lives," calls have grown to curb the pace of development. On Saturday, Anthropic CEO Dario Amodei published a 3,800-word essay - later endorsed by OpenAI CEO Sam Altman and SpaceX CEO Elon Musk - proposing a slowdown.

US tech stocks slumped on Monday over concern about a potential deceleration in spending. Shares of Nvidia, the world's most valuable company, fell 3.4%.

Nvidia, whose chips help run artificial intelligence models, has been the top beneficiary of a massive AI infrastructure build-out. Trump, meanwhile, has emerged as a fierce advocate for data center construction, even in the face of growing opposition.

Trump criticized US states for refusing to give permits for the building of new data centers. Such facilities make people and states wealthy, he said.

"It's the oil of the next 20, 25 years," he said. "It's bigger than the internet."