Trump Calls AI Fears a Hoax, But Met Secretly With Sam Altman

President Donald Trump recently spent time telling crowds that AI safety fears are a total hoax, but behind the scenes, he held a private backstage meeting with OpenAI chief executive Sam Altman. Sources close to the encounter say Altman requested the talk during the Republican National Convention to discuss the massive influence artificial intelligence now holds.

This private chat creates a strange mix of messages for the market. While Trump recently phoned Nvidia leader Jensen Huang on stage to praise data centers and urge speed in the AI race, top industry figures like Anthropic boss Dario Amodei are actually calling for a slowdown in model development. Despite Trump pushing back against these warnings, tech stocks like Nvidia dropped three percent as investors weighed the mixed signals.

The White House and OpenAI have kept quiet about the specifics of the backstage conversation. With Vice President JD Vance expressing doubt toward tech leaders asking for government rules, market watchers are left guessing how future policy will shape up. Traders should keep an eye on upcoming political talks and industry regulation news as these mixed messages continue to shake up the tech sector.