US President Donald Trump on Monday asserted that artificial intelligence (AI) and data centres will become the “greatest economic development engine in history”, surpassing industries such as oil, gold, diamonds and internet, while opposing regulatory measures that he believes could constrain the sector.
In a post on Truth Social, Trump questioned why AI industry leaders would call for regulation that, if strongly implemented, could push companies towards “oblivion and bankruptcy”. He dismissed concerns about AI potentially taking over the world or destroying humanity as a “hoax”.
