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Story summary
- Pentagon chief technology officer Emil Michael said the administration should not take equity stakes in AI firms.
- He told CNBC on Sept. 16 he hopes the government avoids nationalizing AI companies.
- Michael rejected stronger AI regulation, saying existing laws and the FTC already ensure safety.
- He noted the administration currently holds a 10% equity stake in Intel.
- Michael suggested firms could voluntarily pause some AI projects while risks are better understood.
