CNBC Daily Open: Beware AI naysayers, the 'Hoax Buster' is here
Trump unleashed a barrage of posts on social media, slamming any regulation related to the sector and calling it a "hoax."
TL;DR
- President Trump criticized AI CEOs' calls for a slowdown in AI development, calling it a "HOAX" on social media.
- Cohere CEO Aidan Gomez described AI models as the "most potent cyber weapon" ever created.
- China's foreign ministry also rejected fear-mongering, advocating for accelerated AI security system development.
- AI-related stocks experienced a decline, with several major companies dropping significantly.
- Oil prices continued to rise due to the closure of Saudi Arabia's East-West pipeline.
- Treasury yields reached multi-year highs amid expectations of a Federal Reserve rate hike.