Trump Rejects AI Regulation Calls as a 'Hoax'

On September 14, 2023, President Donald Trump expressed his opposition to increased oversight of artificial intelligence, claiming that Washington already possesses adequate authority to regulate the industry. He criticized the industry's leaders, who are advocating for stronger safety measures, labeling their calls for regulation a "hoax." Trump warned that delaying AI development could benefit China and stated that a "STRONG AND SMART (High IQ!) PRESIDENT" is the necessary guardrail for AI.

His comments came amid a decline in AI-related shares globally, following proposals from technology executives, including Anthropic CEO Dario Amodei, for a three-step framework to slow AI development and allow companies to manage risks better. This framework includes recommendations for U.S. regulations mandating independent audits of advanced AI systems.

The urgency for regulation has intensified, particularly after Anthropic researcher Jacob Coxon resigned, citing concerns that AI could threaten humanity's survival before the decade concludes.