At the All-In Summit in Los Angeles, NVIDIA CEO Jensen Huang received a call from Trump and switched to speakerphone. Trump dismissed concerns about the dangers of AI as a "hoax," likening data centers to "the oil of the next two to three decades" and asserting that their importance "surpasses the internet." Huang immediately voiced his agreement, stating, "We will not let (AI slowdown) happen." However, this strong stance failed to boost the market; NVIDIA's stock fell 3.4% that day, while tech stocks broadly declined.
NVIDIA CEO Jensen Huang received an unignorable call from U.S. President Trump while speaking at the All-In Summit.
On September 14, at the "All-In Summit" held in Los Angeles, USA, Jensen Huang received a call from Trump on stage. Huang immediately switched the phone to speakerphone, allowing the audience to hear the conversation in real time. Huang told Trump:
I'm on stage with my good friends.
During a phone call, Trump dismissed the notion of AI's dangers as a "hoax" and labeled calls to slow down AI development as political manipulation, saying, "We will never let them get away with it." Jensen Huang responded by saying:
You're right. We will never let this happen—AI slowing down.
Subsequently, the crowd erupted in enthusiastic applause. However, this tough stance failed to bolster market confidence.
On Monday, NVIDIA's stock fell by 3.4%, while U.S. tech stocks overall declined. Goldman Sachs' comprehensive AI equity portfolio dropped by more than 4%, whereas the S&P 500 index (excluding AI-related stocks) rose by 0.4%.
At the heart of investors' concerns is whether the pace of AI infrastructure spending will slow due to security-related controversies. The world's most valuable company, which also stands to benefit most from the expansion of AI computing power, sees its stock price reflect the market's heightened sensitivity to growing divisions over the AI narrative.
Trump dismissed AI concerns as a "hoax" and strongly supported data center construction.
During the call, Trump adopted a tough tone, describing those who advocate slowing down AI development as being exploited by "many people who don't want to see AI progress," and suggesting that such voices "may come from politicians." He added:
Robots will not take over the world.
Meanwhile, Trump acknowledged:
We need to proceed with caution, but we must not halt this industry.
Trump also likened data centers to "the oil of the next two to three decades," saying their importance "surpasses that of the internet," and criticized some states for refusing to issue construction permits for new data centers, arguing that such facilities would bring wealth to local communities.
According to reports, a Gallup poll indicates that roughly 70 percent of Americans oppose the construction of data centers in their communities. More than half of respondents cited environmental and resource impacts as the primary concern, while about 20 percent expressed worries about rising living costs and declining quality of life.
He subsequently posted on Truth Social, calling the claim that "artificial intelligence will rule the world" a hoax. Trump's post emphasized:
Those who believe "AI will destroy the world" are "the very same people who, not long ago, were warning that the planet would perish due to climate change." These are all tactics of radical left‑wing Democrats—never giving up, yet rarely winning. Hopefully, voters have finally seen through it.
Jensen Huang endorsed the stance of accelerating progress while also lending his support to whistleblowers.
At the event, Jensen Huang expressed agreement with Trump's assessment, saying the latter had "seen through the complexity of the issue," and added that AI safety and rapid development are not an "either-or" choice, "and that the United States is capable of leading while ensuring safety."
However, Jensen Huang's stance did not entirely side with the "anti-security" camp. At the same event, he highly praised the "great courage" of Jacob Coxon, a former researcher at Anthropic.
Coxon announced his resignation last week and posted on X, stating that AI companies are "gambling with our lives" and warning that AI "could kill everyone within a decade."
Jensen Huang offered a nuanced assessment of Coxon's actions:
I believe the act of blowing the whistle itself is perfectly legitimate, but its future‑oriented scientific predictions are far less convincing, as they clearly lack a sound scientific basis.
He stated that he was unaware of the circumstances Coxon witnessed within Anthropic, and noted that leading labs in the industry are navigating a challenging transition from research-oriented organizations to engineering-focused ones.
AI safety controversy escalates, with several tech leaders unusually speaking in unison.
The call took place against a backdrop of sharply escalating debate over AI safety.
Wall Street Insight reported that Anthropic CEO Dario Amodei published a 3,800-word essay last Saturday, calling for a slowdown in the pace of advancing AI model capabilities.
Subsequently, it received public endorsements from OpenAI CEO Sam Altman and SpaceX CEO Elon Musk, marking a rare convergence of views among the three.
This stance stands in direct opposition to the statements made by Jensen Huang and Trump. NVIDIA's chips are the core infrastructure underpinning the operation of today's AI models and the biggest beneficiary of this round of large-scale AI infrastructure development; any policy or shift in public opinion that could affect the pace of AI investment will directly impact NVIDIA's business prospects.
Editor: jayden