Kevin Hassett said the private sector can handle the risks from fast-advancing AI. Hassett directs the National Economic Council and spoke to CNBC on Tuesday. He said government should watch closely and use law enforcement, but not expand its role. President Trump attacked AI leaders who warn about their own technology, calling the concerns a hoax. Senator Mark Warner rejected that stance and called some companies' testing sloppy. Warner wants rules covering data centres, children, AI agents and national security pre-testing. He spoke over the weekend with Anthropic's Dario Amodei and OpenAI's Sam Altman. Nvidia's Jensen Huang sided with Trump on stage at the All-In Summit. Treasury Secretary Scott Bessent said the president is completely aligned with Huang. No rule or bill was proposed.
What changed
AI industry leaders had called for slower development and stronger rules.
- midterm election seven weeks away
Sources