Trump calls AI safety concerns a 'hoax,' touts $500B Stargate venture
The president dismisses existential AI risks while championing a major development project backed by his financial interests.
What to know
- Trump calls AI safety concerns a 'hoax' while holding millions in AI tech stocks and backing the $500 billion Stargate venture, creating a direct financial incentive to dismiss safety warnings.
- 75% of Americans oppose data center development in their communities, revealing sharp public-private divergence on Trump's AI agenda.
- Trump frames AI regulation and safety warnings as conspiracy similar to Russia collusion investigations and impeachments, a rhetorical pattern central to his political messaging.
“Concerning AI, when, in the History of Business, did anyone see the Leaders of an Industry call for Regulation that, if strongly implemented, will drive them into oblivion and bankruptcy?”
Donald Trump, President · Truth Social ↗ · Sep 13
Donald Trump PresidentJacob Coxon Former Anthropic employee
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Polling reveals sharp divide between Trump's AI stance and public opposition
An August Heatmap survey shows 75% of the public opposes data center development in their communities, with opposition spanning both Democrats and Republicans. This contrasts with Trump's push to champion AI and data center development.
“AI taking over the World, destroying Humanity, and all other things bad, is a HOAX.”
— Donald Trump, President · source -
first by New Republic, 13d ago
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New Republic details Trump's financial interests in AI industry
Trump's 2026 financial disclosures reveal significant stock investments in tech companies pursuing AI projects including Oracle, Microsoft, Nvidia, Meta, Amazon, Apple, and Alphabet. Trump also unveiled the Stargate venture—a $500 billion public-private AI development project days into his second term, backed by OpenAI, SoftBank, Oracle, and UAE-owned MGX.
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background
Trump expresses frustration with global AI competition amid safety backlash — Trump stated he is "not happy" about backlash over AI safety concerns, citing Google's €13 billion AI infrastructure deal with Finland and Beijing's dismissal of Silicon Valley's safety warnings. He claimed AI and data centers will be the "Greatest Economic Development Engine in History."
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background
Trump dismisses AI safety concerns as hoax on Truth Social — President Trump posted on Truth Social that AI taking over the world and destroying humanity is a "hoax," questioning why industry leaders would call for regulations that could bankrupt them. He compared the AI furor to other controversies including Russia collusion investigations, Ukraine, and impeachments.