Trump called AI doom a hoax as the chip index fell 5.9 per cent
President Trump spent Monday posting that AI destroying humanity is a HOAX and that the only guardrail AI needs is a high-IQ president, while the Philadelphia semiconductor index closed down 5.9 per cent on the industry's own safety warnings.
Trump said AI destroying humanity is a “HOAX” The president posted on Truth Social on Monday that “AI taking over the World, destroying Humanity, and all other things bad, is a HOAX”, that there is a “SICK conspiracy going on against AI and Data Centers”, and that “the only control or ‘guardrails’ that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT”. He also posted “WHOEVER WINS AI, WINS!”, after the chief executives of Anthropic, OpenAI and xAI spent the weekend asking the industry to slow down. Source
The slowdown call knocked 5.9 per cent off the chip index The PHLX semiconductor index closed down 5.9 per cent on Monday after the weekend’s calls from three frontier labs to pace capability gains. Nvidia lost 3.4 per cent, Micron more than 5 and Broadcom and AMD more than 4 each. Source
Altman asked for a federal safety framework for frontier AI The OpenAI chief executive posted just after midnight on Monday that “we welcome a federal framework that sets consistent safety requirements for frontier AI” and that “no amount of American competitive pressure should justify recklessness”, naming loss of control and concentration of power as the two outcomes to avoid. He also said that pacing “does not mean ‘stopping’” — a day after the Speaker of the House said Congress would not lead on AI safety, and hours before the president called the risk a hoax. Source
Microsoft opened a six-week consultation on its MAI code of conduct Microsoft AI published the first draft of its AI Code of Conduct for MAI models on Monday, a day after Satya Nadella said it would, starting from the premise that “people matter more than AI” and barring its models from expanding their own operating scope, generating unassigned goals or hiding reasoning traces from human auditors. Absolute constraints cover weapons of mass harm, child safety and manipulation at scale; comments run for six weeks and a revised version is due late this year. Source
xAI dropped Apple from its antitrust suit but kept OpenAI in Elon Musk’s X Corp and SpaceXAI asked a federal judge in Fort Worth on Monday to dismiss their claims against Apple with prejudice, saying the claims had been resolved; Apple did not oppose the motion, no terms were disclosed, and Judge Mark Pittman still has to approve it. The rest of the case, filed in August 2025 over Apple’s exclusive ChatGPT integration in Apple Intelligence, carries on against the only other defendants, OpenAI. Source
Claude Code’s weekly limits dropped about 17 per cent on Monday The permanent 25 per cent increase to standard weekly limits on Pro, Max, Team and seat-based Enterprise plans took effect on Monday, and the temporary 50 per cent boost that had been running alongside it ended the same day. Net of the two, a Claude Code week is about 17 per cent smaller than it was on Sunday. Source
Sanders and Bannon will speak at the same anti-AI-race event Axios reported on Monday that Senator Bernie Sanders and Steve Bannon will both appear at Future of Life Institute’s “Pro-Human Assembly” in Washington on Tuesday. Jacob Coxon, the Anthropic pretraining researcher who resigned on 9 September saying the labs are “gambling with our lives”, had been expected to join them but told Axios on Monday he will not attend. Marsha Blackburn, Greg Casar and Randi Weingarten are also on the bill, which is built around a declaration on human agency, concentrations of power and company accountability. Source
The three biggest labs have discussed a safety standards body since July The Information reported on Sunday that Anthropic, OpenAI and Google have held working-group meetings since July on an industry-led AI safety standards body, most recently last week, which puts the weekend’s show of spontaneous agreement on a rather longer private footing. The trigger was Demis Hassabis’s 14 July proposal for a US-led body modelled on FINRA, and Altman has reportedly told staff he backs a testing and auditing body but thinks the labs will have to build it themselves without federal backing. Source