Trump Dismisses AI Regulation Concerns as 'Hoax', While Executives Warn of Cyber Risks
U.S. President Donald Trump has dismissed concerns over runaway artificial intelligence (AI) development, calling them a 'hoax' and rejecting calls for additional safeguards from industry leaders like Anthropic's Dario Amodei. Cohere CEO Aidan Gomez warned that AI models are becoming the most potent cyber weapons due to their ability to identify and exploit vulnerabilities at scale. China also rejected demands to slow down AI development, with its foreign ministry spokesperson criticizing 'fear mongering' as disruptive to global governance efforts. Instead, China advocated for stronger systems to manage security risks associated with AI technology. Despite these warnings from both U.S. executives and Chinese officials, AI-related stocks fell in response. Meanwhile, oil prices continued rising due to the closure of Saudi Arabia's East-West pipeline, pushing up West Texas Intermediate crude futures by 1.34%. Treasury yields also climbed as traders anticipated a potential Federal Reserve rate hike.
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Topics: AI regulation cybersecurity risks political response to AI stock market reactions