President Donald Trump cast existential concerns about artificial intelligence as a “hoax,” urging faster U.S. development as Washington and Silicon Valley spar over guardrails. His comments—amplified by a surprise call to Nvidia’s Jensen Huang—landed amid a broader industry and political rift: executives from Meta and others pushed for lab-driven safety and independent testing, while figures like Elon Musk advocated cross-company pre-release evaluations. On Capitol Hill, lawmakers weighed proposals such as the bipartisan Frontier Act as antitrust hawks balked at any collusion waivers for AI firms. The debate is sharpened by geopolitics: officials warned that overregulation could cede ground to China, even as the U.S. explores trade measures to curb Beijing’s access to AI hardware via Mexico. Philanthropy is entering the fray too, with the Gates Foundation pledging $1 billion to expand AI access in health, education and agriculture. The clash sets up a high-stakes policy fight over how to balance innovation, safety and national security in an election season.
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