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Trump dismisses AI extinction fears, stresses US lead over China in AI race

Market News
11 Sep 2026
CNBC
View Source
Bearish
Trump dismisses AI extinction fears, stresses US lead over China in AI race

U.S. President Donald Trump dismissed concerns that AI could lead to human extinction, instead emphasizing the importance of the U.S. maintaining its lead over China in AI development. This comes amid rising warnings from AI researchers at companies like OpenAI and Anthropic about the potential dangers of advanced AI, including risks from recursive self-improvement. Lawmakers from both parties are pushing for increased oversight of AI technology, with proposals like the FRONTIER Act and the Ban Artificial Superintelligence Act aiming to regulate AI development and ensure safety. The debate highlights the tension between rapid AI progress and the need for cautious governance.

More News

Meta AI alarmingly revealed personal details of a Utah mom's young daughters, including deleted photos and location data.

Meta AI alarmingly revealed personal details of a Utah mom's young daughters, including deleted photos and location data.

A Utah mother, Kalie Robins, discovered that Meta AI surfaced sensitive personal information about her young daughters after she posted a video on Facebook. The AI revealed their names, birth details, deleted photos, and even attempted to pinpoint th...

Market News
Bearish
4 hours ago
Cosmos Hub (ATOM) price drops nearly 10% amid unclear causes despite Bitcoin and Ether gains.

Cosmos Hub (ATOM) price drops nearly 10% amid unclear causes despite Bitcoin and Ether gains.

Cosmos Hub's ATOM token fell 9.64% to $1.63 over a 24-hour period ending September 12, 2026, underperforming Bitcoin and Ether, which both posted gains. No confirmed event or catalyst has been identified for the sharp decline, with speculation around...

Market News
Bearish
4 hours ago
Binance's Bitcoin holdings hit a 2-year high above 693,000 BTC amid rising market activity and security concerns.

Binance's Bitcoin holdings hit a 2-year high above 693,000 BTC amid rising market activity and security concerns.

Binance's Bitcoin reserves have risen to over 693,000 BTC, the highest in nearly two years, driven by investor transfers during price rallies and concerns over scams. This surge reflects Binance's deep liquidity, making it the preferred platform for ...

Market News
Neutral
4 hours ago
Shiba Inu sees 463B token outflows in 24 hrs, testing key support amid uncertain price recovery.

Shiba Inu sees 463B token outflows in 24 hrs, testing key support amid uncertain price recovery.

Shiba Inu experienced a significant outflow of approximately 461.4 billion tokens from exchanges within 24 hours, reducing available sell-side liquidity and signaling potential bullish momentum. Despite this positive exchange flow, the price has drop...

Technical Signals
Bullish
4 hours ago
No IPOs launched this week; 4 small IPOs and 5 SPACs filed, with 3 big IPOs set for next week.

No IPOs launched this week; 4 small IPOs and 5 SPACs filed, with 3 big IPOs set for next week.

This week saw no new IPO debuts, but four small IPOs and five SPACs submitted initial filings, signaling ongoing market activity. Notable filings include Rothe Development aiming to raise $50 million and Vietnam's Meey Global seeking $35 million. Loo...

Others
Neutral
4 hours ago
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