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…

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