Trump Calls AI Safety Fears a 'Hoax' Amid Industry Concerns

US President Donald Trump criticized calls for increased AI safety measures, labeling fears about the technology as a 'hoax'. His comments follow calls from Jack Clark, co-founder of AI company Anthropic, suggesting a mandatory 'kill switch' for dangerous AI. On Monday, this controversy contributed to a selloff in tech shares as investors considered implications for AI development regulation. This situation is crucial for investors as it reflects ongoing concerns regarding AI safety, which could impact tech stock performance.