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Trump rejects AI guardrails, rattles Nvidia and Micron shares

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Story summary
  • U.S. President Donald Trump rejected AI guardrails and told Nvidia CEO Jensen Huang AI will not take over.
  • Trump dismissed Anthropic and OpenAI’s call to slow frontier AI as a hoax on social media.
  • Nvidia shares fell 3.4% and Micron Technology dropped 5.3% after Trump’s AI remarks.
  • Venture capitalist David Sacks, former Trump AI czar, said companies can self-regulate AI without new government rules.