Trump calls AI regulation push a 'SICK conspiracy' as tech stocks slide
President Trump escalated his rejection of calls from tech leaders to regulate artificial intelligence, calling such calls a "SICK conspiracy" and saying the only AI guardrails the U.S. needs are him as president, as he resists ceding ground to China. Vice President JD Vance said Americans should not be scared of AI, while House Speaker Mike Johnson said it's time for Trump to "summon everyone together" on AI rather than leaving the issue to Congress, which met Monday amid mounting pressure to act.
China's government rejected accusations that it is engaged in "malicious competition" over AI and urged global cooperation instead, calling warnings from Anthropic CEO Dario Amodei about Chinese AI development "fearmongering." Amodei has said "for too long the industry lied" about AI risks and that development needs to slow down. Top Trump AI adviser David Sacks said in a CBS News interview that if China wins the AI race, the U.S. "will not be the number one country" anymore, while dismissing safety concerns as an overblown "panic." The debate rattled markets Monday, with the Nasdaq slumping about 147 points after AI executives called for a slowdown, as some economists warned the AI-fueled stock boom may be starting to lose steam.
President Trump called calls to regulate AI a "SICK conspiracy" as the debate over AI risk rattled tech stocks and drew pushback from China.