Trump, China Push Back on Calls to Slow AI

Summary

President Trump dismissed AI safety fears as a hoax during a live call to an All In podcast event with Nvidia CEO Jensen Huang, pushing back against calls to slow frontier AI. China's Foreign Ministry criticized such fear mongering and urged open, inclusive AI development. Bloomberg's Samantha Altman and Colum Murply discussed the policy clash, China's new electronics five-year plan, and the implications for AI labs, chip makers, and the upcoming Trump-Xi summit.

• Trump called AI danger concerns a hoax and opposed slowing frontier AI development.
• China's Foreign Ministry rejected AI fear mongering and called for global cooperation on AI governance.
• Samantha Altman said AI labs want regulation while the US government resists, partly because expected AI lab IPOs matter for the economy and chip makers.
• Colum Murply said China's pushback reflects competitive positioning and that AI safety remains a recognized priority in some areas.
• China unveiled a five-year electronics plan targeting ¥30 trillion in revenue by 2030, covering chips, computing, and consumer electronics.
• Murply said chip controls have encouraged China's determination to catch up in AI, though China still depends on frontier models.
• The upcoming Trump-Xi summit may signal mutual recognition on AI safety, but expectations are low.