Trump dismisses AI safety concerns as a hoax despite private meeting with Sam Altman

President Donald Trump publicly labeled AI safety fears a hoax while simultaneously holding a private meeting with OpenAI CEO Sam Altman at the Republican National Convention. Despite Trump's rhetoric, industry leaders like Anthropic CEO Dario Amodei and Elon Musk are advocating for a slowdown in AI development. Meanwhile, Nvidia shares declined by 3% following Trump's comments, as investors remain concerned about a potential cooling in AI-related spending.