Donald Trump blasts calls to slow AI development as ‘sick conspiracy’ that would hand China advantage

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DONALD Trump rejected calls to slow artificial intelligence development — branding opposition a “sick conspiracy” that would benefit China.

The tech-heavy Nasdaq fell 1.2 per cent in early trading, while the broader S&P 500 slipped 0.5 per cent as fears of tighter controls swept through markets.

Nvidia, the chipmaking giant at the centre of the AI boom, sank 3.6 per cent, while robotics specialist Teradyne plunged 9.2 per cent.

Hewlett Packard Enterprise, which sells AI systems to businesses, was also among the biggest fallers.

The sell-off followed a warning from Anthropic boss Dario Amodei, who urged the industry to “slow the pace” of development to prevent powerful systems escaping human control.

He warned an AI swarm could potentially take over the internet within a year.

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“Whoever wins AI, wins,” he declared, warning “conspiracy theorists, treasonists, traitors and leakers” to beware.

Despite the market rout, Nvidia remained the world’s most valuable company, with a market value of about $5trillion, underlining how heavily investors are betting on AI’s future.

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Tuesday 15 September

Bahia