Nvidia CEO Jensen Huang took a live speakerphone call from President Donald Trump at the All-In Summit in Los Angeles on September 14. Trump characterized the movement to slow artificial intelligence development as a hoax. He suggested the push is a politically motivated scheme that benefits China.
Huang agreed with the president's position during the exchange. This public alignment contrasts with recent safety-driven requests from the CEOs of Anthropic and OpenAI to slow AI development.
Trump also advocated for data center construction, calling the facilities the oil of the next 20 to 25 years. Nvidia shares fell 3.4% the day of the event as investors weighed a potential deceleration in AI spending.