This is not what he actually said.
Maria: Mr. President, I’ve got to ask about A.I. This is an important question for the audience. We saw of reports that Scott Bessent and Jay Powell called an emergency meeting the major banks because they said there was a risk over the Anthropic model and the worry is that bad actors are actually going to be able to hack into these banks and faster than institutions can respond. Do you see this as a systemic threat?
Trump: Not systemic. We’ll work it out. A.I.’s very important. Billions and even trillions of dollars is being invested in our country because of it. It’s got some bad aspects. It’s got mostly good aspects, medically and so other ways, you’ll be finding cures to diseases you would have never found before. There’s a lot of good things but we have to be careful with it. Like everything else, you have to be careful with it.
Later on:
Maria: In a worst case scenario, could A.I. be the kind of technology that undermines confidence in the banking system?
Trump: Yeah, probably. But it could also be the kind of technology that allows greatness in the banking system, makes it better and safer and more secure.
Maria: Should government have some safeguards, should there be a kill switch for some of the A.I. Agents.
Trump: There should be [unclear if he's referring to a "kill switch" or "safeguards" though]. We’re leading in A.I. We’re leading China by a lot, actually. We’re building plants that nobody ever imagined before and it’s going to be a tremendous, bigger than the internet, it’s going to be tremendous and there are always difficulties when you’re at this stage of something but when you mentioned banking, it could also make banking much bigger, much safer, much more efficient.
(Transcript of this: foxbusiness.com/video/63931514…)
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