Trump calls Nvidia CEO on stage, dismisses AI safety fears as 'hoax'

Trump phoned Nvidia CEO Jensen Huang live at the All-In Summit in Los Angeles, calling AI takeover fears a "hoax" and arguing that slower development would aid China.

• Trump made an unannounced call to Huang during the summit, and Huang placed the president on speakerphone before attendees.
• Trump said calls to slow AI development serve China's interests, asserting "whoever wins AI, wins."
• Trump described data centers as "oil" for the coming years and declined to impose broad restrictions on advanced AI models.
• Huang agreed that the US must not fall behind in the AI race, saying various sectors, companies, and states should benefit from it.
• The call coincided with a 3.4% drop in Nvidia shares amid fears of slowing AI spending.
• Huang praised Anthropic researcher Jacob Kokson, who resigned over AI safety concerns.
• Huang added that AI and robotics will not take over the world, saying 'we won't allow that to happen.'