Observed Signal · Sep 14, 2026 · Policy Update · Source: CNBC Technology · Impact: 4/5 · Sentiment: Positive
Trump Calls Nvidia CEO at Summit, Dismisses Data Center Opposition as 'Hoax'
At the All-In Summit in Los Angeles, Nvidia CEO Jensen Huang opposed strict AI regulation, advocating voluntary measures. During his appearance, US President Donald Trump called him on speakerphone, dismissing AI safety concerns as a 'hoax' and 'scam,' and describing data centers as 'the oil of the next 20, 25 years.' Trump warned that slowing AI development benefits China, and Huang agreed, arguing panic created a false choice between innovation and safety. This follows a week of safety debates, including Anthropic CEO Dario Amodei's essay urging a slowdown, a former Anthropic employee's resignation, and support from OpenAI CEO Sam Altman and Elon Musk. AI stocks fell, including Nvidia by 3.4%, and Altman postponed OpenAI's IPO. Meanwhile, China's state media criticized safety calls as self-interested, as Chinese models gained market share. The event underscores a shift toward deregulation and accelerated AI development.
This news involves a major policy stance from the U.S. President regarding AI data centers, which directly influences the broader tech and advertising infrastructure landscape. The explicit support for Nvidia and AI infrastructure is significant for the AdTech industry's reliance on data processing and digital advertising ecosystems.
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Key Takeaways & Evidence Grounding
- President Trump called Nvidia CEO Jensen Huang during the All-In Summit, dismissing AI safety concerns as a 'hoax' and advocating a 'strong, smart, high-IQ president' as the only guardrail.
- Trump called data centers 'the oil of the next 20, 25 years' and warned slowing AI development benefits China; Huang agreed voluntary measures suffice.
- The call followed Anthropic CEO Dario Amodei's essay urging a slowdown, a former Anthropic employee's resignation, and support from OpenAI's Sam Altman and Elon Musk.
- Nvidia's stock fell 3.4% and OpenAI's Sam Altman postponed the IPO, citing safety and financial concerns.
- China's state media labeled safety calls from OpenAI, xAI, and Anthropic as self-interested, as Chinese models gain market share with cost efficiency.
Connected Companies & Entities
9 Entities mapped“President Trump called Nvidia CEO Jensen Huang, and the company's GPUs are used in AI data centers....”
“Trump blasted Anthropic CEO Dario Amodei's push for the AI industry to slow down development....”
“OpenAI CEO Sam Altman supported Amodei's essay....”
“Elon Musk of SpaceX supported Amodei's essay....”
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Nvidia's Huang Becomes Trump's Key AI Policy Ally
Amidst a heated US debate on AI regulation, Nvidia CEO Jensen Huang has emerged as President Trump's primary ally in the discussion. Trump called Huang during a public summit to reiterate his dismissal of AI risks as a 'hoax', while Huang publicly downplayed concerns, advocating for 'good old-fashioned engineering' as the solution to safety. This stance contrasts with other AI leaders like OpenAI's Sam Altman and Anthropic's Dario Amodei who endorse a slowing of AI development. Huang's influence is underscored by his scheduled attendance at a state dinner for China's President Xi Jinping and his successful lobbying for exporting H200 chips to China, despite congressional opposition. The article highlights the profit motive behind Nvidia's position, as its revenue has surged to $215 billion.
Jensen Huang Takes Trump Call on Foldable Phone
At the All-In conference in Los Angeles, Nvidia CEO Jensen Huang received a live call from President Trump, during which they discussed AI safety and downplayed fears of an AI slowdown. Huang used a Samsung Galaxy Fold 8, not Apple's iPhone Duo as initially reported. The conversation highlighted the political and corporate stakes in AI development, with Trump calling AI fears a 'hoax' and emphasizing the technology's importance. Nvidia's stock has risen 33% over the past year but fell slightly on the day of the event.
Trump Warns Communities Opposing AI Data Centers
U.S. President Donald Trump has strongly criticized local communities opposing the construction of new artificial intelligence data centers, warning that resistance could leave these areas economically stagnant. Trump's remarks come as Republican strategists express concern that voter backlash over data centers, driven by concerns over energy costs and resource usage, could hurt candidates in the upcoming November midterm elections. Private polling reveals a significant drop in public support for local data center development. These facilities are critical to housing the massive computing power required to train and run advanced models for prominent AI companies like OpenAI and Anthropic.
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