Nvidia CEO Jensen Huang criticized AI leaders like Sam Altman and Dario Amodei for warning of catastrophic AI risks by 2030, calling such predictions "irresponsible" and unfounded in science. Huang argued AI safety is an engineering problem, not a regulatory one, and that companies should be held accountable under existing laws rather than new AI-specific regulations. President Trump echoed this sentiment, rejecting calls for increased AI regulation and announcing plans for an "AI Force" to maintain U.S. competitiveness over China.
The U.S. economy has shifted from a low-rate, low-inflation era to a higher-cost environment due to strong consumer and business spending, massive AI infrastructure investment, and supply constraints. President Trump criticized the Federal Reserve's rate hike, but economists say broader economic trends—not Fed policy alone—are driving higher interest rates and mortgage costs that have climbed to 6.95% for 30-year loans.
Zhang Yiming, founder of TikTok parent company ByteDance, has become Asia's richest person with a $105.5 billion net worth, surpassing Gautam Adani. His wealth surge of $12 billion this month was driven by new company valuations and ByteDance's AI investments, which leverage data from its social media platforms to train advanced models. The AI boom is reshaping billionaire rankings globally, with entrepreneurs like Michael Dell and Larry Page also dramatically increasing their wealth through AI-related ventures.