Trump publicly called Jensen Huang, stating that the theory of AI's dangers is a "hoax" and that data centers are more important than the internet.

Trump publicly called Jensen Huang, stating that the theory of AI's dangers is a "hoax" and that data centers are more important than the internet.

During his speech at the All-In Summit, Nvidia CEO Jensen Huang received an unanswerable phone call from US President Donald Trump.

On September 14, at the All-In Summit in Los Angeles, Jensen Huang received a phone call from Trump on stage. Huang immediately switched the phone to speakerphone so the audience could hear the conversation. Huang told Trump:

My good friends and I were on stage together.

In the phone call, Trump denounced the dangers of AI as a "hoax" and characterized calls to slow down AI development as political manipulation, stating, "We will not let them succeed." Jensen Huang responded:

You're right. We will never let that happen (AI slowdown).

A round of enthusiastic applause erupted from the crowd. However, this tough stance failed to boost market confidence.

On Monday, Nvidia shares fell 3.4%, and U.S. tech stocks as a whole declined. Goldman Sachs’ comprehensive AI stock portfolio fell more than 4%, while the S&P 500 (excluding AI stocks) achieved a solid 0.4% gain.

The core concern for investors lies in whether the growth rate of AI infrastructure spending will slow due to security controversies. This world's most valuable company, which is also the biggest beneficiary of AI computing power expansion, reflects the market's sensitive reaction to the widening divergence in AI narratives.

Trump dismisses AI concerns as a "hoax" and strongly supports data center construction.

During the call, Trump used strong language, describing voices advocating for slowing down AI development as being exploited by "many people who don't want to see AI develop," and implying that such voices "may come from politicians." He added:

Robots will not take over the world.

At the same time, Trump admitted:

We need to be cautious, but we cannot stop this industry.

Trump also likened data centers to "oil for the next two or three decades," saying their importance "surpasses the internet," and criticized some states for refusing to issue building permits for new data centers, arguing that such facilities would bring wealth to local areas.

According to reports, a Gallup poll shows that about 70% of Americans oppose building data centers in their area, with more than half of respondents citing environmental and resource impacts as the primary reason, and about 20% expressing concern about rising living costs and declining quality of life.

He later posted on Truth Social, calling the claim that "artificial intelligence will rule the world" a hoax. Trump emphasized in his post:

Those who believe "AI will destroy the world" are "the same people who not long ago said the earth would perish due to climate change." These are all tactics employed by radical left-wing Democrats; they never give up, but rarely succeed. Hopefully, voters have woken up.

Huang Renxun agrees with the stance of accelerating the process and also endorses the whistleblower.

At the event, Huang agreed with Trump's assessment, saying that the latter "saw the complexity of the issue" and that AI security and rapid development are not "either/or" choices, adding that "the United States has the ability to lead while ensuring security."

However, Huang's statement did not entirely align with the "anti-security" stance. On the same occasion, he highly praised the "immense courage" of former Anthropic researcher Jacob Coxon.

Coxon announced his resignation last week and posted on the X platform that AI companies are "gambling with our lives" and that AI "could kill everyone within a decade."

Huang Renxun made a differentiated assessment of Coxon's behavior:

I think there's nothing wrong with whistleblowing itself, but the scientific predictions about the future are less convincing because they clearly lack scientific basis.

He stated that he was unaware of what Coxon had witnessed within Anthropic, noting that leading industry labs were in the difficult process of transitioning from research-oriented to engineering-oriented organizations.

AI security controversy escalates, with several tech leaders unusually speaking out in unison.

This call took place against the backdrop of a sudden escalation of the debate over AI security.

Wall Street News reported that Anthropic CEO Dario Amodei published a 3,800-word article last Saturday, calling for a slowdown in the pace of improving AI model capabilities.

Subsequently, it received public endorsements from OpenAI CEO Sam Altman and SpaceX CEO Elon Musk, with the three forming a rare consensus.

This stance directly contradicts the statements made by Jensen Huang and Trump. Nvidia's chips are the core infrastructure for current AI model operation and the biggest beneficiary of this round of large-scale AI infrastructure construction. Any policy or public opinion shift that may affect the speed of AI investment will directly impact Nvidia's business prospects.

Nvidia's stock price closed down 3.4% that day, putting pressure on U.S. tech stocks as a whole.

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