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14-09-2026
WASHINGTON: Donald Trump has dismissed calls to increase controls on AI as a “sick conspiracy”, as stocks linked to the technology slumped after appeals from leading developers on the weekend for the industry to slow down.
The US president wrote on social media: “The only control or ‘guardrails’ that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT, and the USA has that, in spades!”
It came after the chief executive of Anthropic, Dario Amodei, appealed for the AI industry to limit “reckless” development. The OpenAI CEO, Sam Altman, the Google DeepMind chief, Demis Hassabis, and SpaceX boss, Elon Musk, posted support for Amodei’s essay urging slower AI development.
However, Trump was vehement in his opposition to calls to put on the brakes, writing on his Truth Social platform: “There is a SICK conspiracy going on against AI and Data Centers, and the only one that is happy about it is China. WHOEVER WINS AI, WINS!”
He said his administration already had “tremendous criminal and regulatory power over these companies” and claimed it had “stopped AI ‘people’ from doing bad, or potentially bad, ‘things,’ like Dario”.
Amodei wrote in his essay that “building too fast is reckless”, warning that a swarm of AI agents could cause hundreds of billions of dollars of damage by “taking over the entire internet”.
Amodei’s claims have been disputed by some experts, but on Monday investors began to price in a slowdown that would make it harder for the industry to pay for hundreds of billions of dollar in investments in AI infrastructure.
The tech-heavy NASDAQ index dropped 0.8% on Monday, as investors sold off US chip and memory stocks. Semiconductor designer Nvidia, the world’s most valuable company shed 3.3% on the open, while Advanced Micro Devices (AMD), Micron Technology and Sandisk slumped by 5.6%, 6% and 5% respectively. (Int’l News Desk)
