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- Trump calls Nvidia CEO Jensen Huang during summit, dismisses AI fears as ‘...
Nvidia CEO Jensen Huang received a surprise phone call from President Donald Trump on Monday, in which the president dismissed fears that AI poses an existential threat to humanity and argued against calls to slow frontier AI development.While speaking on stage at the All-In Summit in Los Angeles, Huang answered the call and placed Trump on speakerphone for the audience of thousands, as shown in a video of the event shared by the All-In Podcast. "I’m telling you, it’s all a hoax," Trump said. "The data centers are great, and they make people wealthy, and they make states wealthy, and it's the oil of the next 20–25 years."Trump said critics are "playing right into the hands of a lot of people that don't want to see it happen."TRUMP RESPONDS TO RISING AI SAFETY CONCERNS, INSISTS TECH WILL BE 'MORE GOOD THAN BAD'"That could be political people. It could also be China. And we're not going to let that happen," Trump said.The president also rejected the idea that AI could pose an existential threat to humanity."The robots are not going to be taking over the world," the president added.Separately on Monday, Trump shared a series of Truth Social posts defending AI development and criticizing calls for increased regulation."AI taking over the World, destroying Humanity, and all other things bad, is a HOAX," Trump wrote.TECH CEO WARNS CENTRALIZED AI POWER COULD LEAD TO 'COUNTERFEIT' HUMANS, TECHNOCRATS SEEKING CONTROLTrump's remarks come as the debate over AI safety intensifies across Silicon Valley and Washington.Anthropic CEO Dario Amodei published an essay over the weekend urging the industry to "slow the pace" of frontier AI development.Amodei argued that while AI could deliver enormous benefits, companies should strengthen safeguards as the technology becomes increasingly capable."AI brings risks, and because it is such a powerful technology, these risks are serious. I’ve written a lot about them too. They include the risk of losing control of AI systems, misuse of AI for cyberattacks and bioterrorism, and serious economic disruption," Amodei wrote.SAM ALTMAN IDENTIFIES TWO BIGGEST RISKS FACING AI'S FUTUREThe essay also drew support from OpenAI CEO Sam Altman and SpaceX CEO Elon Musk."Dario is right," Musk wrote on X.GET FOX BUSINESS ON THE GO BY CLICKING HEREAltman echoed the sentiment, writing: "I agree with Dario that we need to pace the frontier. This has been a primary topic of discussions we've had at OpenAI in recent weeks."Nvidia could not immediately… [TheTopNews] Read More.20 mins ago - Costco raises price of Kirkland motor oil and limits how much shoppers can buyCostco has raised the price of motor oil sold under its exclusive private-label Kirkland brand and is now limiting how much customers can purchase weekly amid rising oil prices.A 10-quart case of Kirkland Signature full synthetic motor oil is now $58, according to Costco’s website, after previously selling for roughly $30 to $35 for much of the past several years.Customers are limited to two cases per week, the product page reads in bold.COSTCO SET TO EXPAND WITH 14 NEW WAREHOUSES ACROSS US AND CANADAAdditionally, Costco is limiting purchases of Mobil 1 full-synthetic motor oil’s 1-quart six-pack, which is listed at about $44, to five per membership.FOX Business reached out to Costco for comment.The synthetic motor oil relies heavily on Group III base oils, which are produced by refining crude oil. Industry analysts say a significant share of the Group III base oils used in the U.S. is imported from producers in the Persian Gulf, where supply disruptions tied to the conflict have tightened availability.COSTCO BRINGS BACK FAN-FAVORITE KIRKLAND TREAT AFTER TWO-YEAR ABSENCEThe price of a barrel of Brent Crude exceeded $109 on Monday morning as the conflict in the Middle East keeps disrupting global oil shipments.Brent has increased from less than $72 in early July amid uncertainty over whether a diplomatic resolution will restore normal oil shipments through the Strait of Hormuz.Rising oil prices have pushed the national average price of regular gasoline to nearly $4.32 per gallon, up from $4.08 a month ago and $3.18 a year ago, according to AAA.GET FOX BUSINESS ON THE GO BY CLICKING HEREDiesel prices in the U.S. reached another record on Friday, surpassing $6 a gallon on average. Prices continued to rise on Monday, with diesel at $6.23 a gallon on average after an average of $5.90 a gallon a week ago, according to AAA.Prices for diesel and regular gasoline generally track crude oil prices.It remains unclear whether other motor oil retailers such as Walmart, Amazon and AutoZone will raise their prices or set purchase limits. [TheTopNews] Read More.46 mins ago
- I got paid $5,000 to move to a place I’d never heard of
Relocation schemes offer support for people who want to swap big cities for a cheaper, quieter life. [TheTopNews] Read More.3 hours ago - Pubs in England and Wales to allow digital ID apps to prove ageNew rules introduced on Tuesday mean establishments will be able to accept digital ID apps alongside physical documents. [TheTopNews] Read More.3 hours ago
- Trump Blames Ukraine for Global Diesel Shortage
President Trump said Ukraine’s attacks on Russian oil refineries were “hurting the world,” amid a global energy shock driven primarily by the U.S.-Israeli war with Iran. [TheTopNews] Read More.4 hours ago - AI ‘kill switch’ may need to be mandatory, Anthropic co-founder tell...Jack Clark says "most labs have different ways of being able to pull the plug", but says this may need to be a requirement. [TheTopNews] Read More.4 hours ago
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