Bipartisan, big tech push for AI regulation comes as Trump claims 'hoax'

President Trump recently called Nvidia CEO Jensen Huang to express his opposition to AI regulation, dismissing existential risks as a 'hoax.' Trump emphasized the economic potential of AI, framing it as a critical national interest against foreign competition.
Why it matters
This signals a potential shift in US policy toward deregulation of the AI sector, prioritizing economic growth and geopolitical dominance over safety concerns.
Nvidia CEO Jensen Huang received a surprise phone call from President Donald Trump on Monday, in which the president dismissed fears that AI poses an existential threat to humanity and argued against calls to slow frontier AI development.
While speaking on stage at the All-In Summit in Los Angeles, Huang answered the call and placed Trump on speakerphone for the audience of thousands, as shown in a video of the event shared by the All-In Podcast.
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