Hassett Says Private Sector Can Solve AI Risks as Trump Calls Fears a Hoax
Updated
Updated · CNBC · Sep 15
Hassett Says Private Sector Can Solve AI Risks as Trump Calls Fears a Hoax
3 articles · Updated · CNBC · Sep 15
Summary
Kevin Hassett said Tuesday the private sector is fully capable of handling risks from rapidly advancing AI, arguing the problems are "completely solvable."
CNBC aired the remarks a day after President Donald Trump attacked AI industry leaders on social media and dismissed warnings about the technology as a hoax.
Hassett said Washington already has an appropriate role—watching closely and using law enforcement when needed—but should not expand oversight as more executives and lawmakers push for stronger regulation.
The stance fits the administration's broader view that preserving U.S. leadership over China in the fast-growing AI industry outweighs calls for tighter government controls.
If the government steps back, can private companies alone truly stop autonomous AI from executing large-scale global cyberattacks?
With advanced AI already driving global espionage, will a lack of federal oversight secure technological dominance or invite unprecedented digital chaos?