Private sector is ‘the right place’ to solve AI threats, White House’s Hassett says

Private sector is 'the right place' to solve AI threats, White House's Hassett says. "These are solvable problems, and the private sector is the right place to solve them," he said.

What happened

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuKey PointsThe private sector can address the risks posed by rapidly advancing artificial intelligence, National Economic Council Director Kevin Hassett told CNBC. Trump 'wholeheartedly rejects' government takeover of AI regulationSquawk BoxThe private sector is more than capable of addressing the risks posed by rapidly advancing artificial intelligence, National Economic Council Director Kevin Hassett told CNBC on Tuesday. Senate Intelligence Committee Vice Chairman Mark Warner, D-Va. , balked at the Trump administration's rhetoric on CNBC after speaking over the weekend with Anthropic CEO Dario Amodei and OpenAI chief Sam Altman. watch nowVIDEO6:2706:27Kevin Hassett: Pres.

"I think these are completely solvable problems," Hassett said on "Squawk Box. "Hassett's remarks largely align with President Donald Trump, who went on a social media rampage Monday against AI industry leaders and others who have raised alarms about their own models. Responding to Hassett's remarks, Warner said, "The idea that we're going to say to the wealthiest companies in the world, 'Hey, we're going to trust you guys to do this on your own and have no cross-check,' I don't think the American people are going to get much assurance from that.

"I don't want China to win this, but the idea that [if] you put any guardrails in place [it] will slow innovation is bogus," he said.

The wider picture

Hassett, however, told CNBC that the government already plays a role that should not be enlarged. What happens if Warsh waversHassett kept up to $5 million Coinbase stake as Trump reshaped crypto policyTrump's energy holdings have surged as the Iran war moved oil marketsNot all tech CEOs are clamoring for more government intervention. The AI alarmists and data center opponents are "playing right into the hands of a lot of people that don't want to see it happen," Trump said.

"Treasury Secretary Scott Bessent, testifying before the House Financial Services Committee on Tuesday, affirmed that "I would just say the president is completely aligned" with Huang. Kevin can be blunt and forthright, but dressing rooms need that in order to function properly. On the white-ball tour of India last year, while working for the host broadcaster, he was bemoaning the lack of practice, external that England's players had opted for in the build-up to games.

None of which would look out of place now in 2026. In Perth during the 2013-14 Ashes, when Mitchell Johnson and his moustache were running amok, it wouldn't be out of place to see a tailender looking shellshocked at the prospect of having to go and face him in the corner of the dressing room.

What has been reported

Related topicsCricketEngland Men's Cricket TeamMore on this storyMcCullum wants Pietersen to challenge methodsPublished1 day agoPietersen joins England's white-ball coaching teamPublished7 September The essay received rare endorsement from both OpenAI chief executive Sam Altman and Elon Musk, who owns chatbot Grok, following a week of intense debate about the technology’s threats to human safety. “If Congress just races in and does some sort of emergency session to try to regulate AI, we will lose the race to China, and that is a threat to every single American,” House Speaker Mike Johnson told CNN on Sunday.

President Donald Trump's AI-friendly administration argues U. S. dominance over China in the fast-expanding industry is essential. President Donald Trump decried AI industry leaders and others who have raised alarms about their own nascent technology. But the message contrasts with a growing number of influential voices, including the heads of several top AI companies, calling for strengthened protections — or even a slowdown in development — around the nascent technology. "The idea that we're going to simply allow a kind of, 'We'll trust you to take care of this,' would be shortsighted," Sen.

Mark Warner, D-Va. , vice chairman of the Senate Intelligence Committee, said on CNBC's "Squawk on the Street" later Tuesday morning.

What happens next

Warner, who spoke over the weekend with Anthropic CEO Dario Amodei and OpenAI chief Sam Altman, said some AI companies' experimentation on their products "has been sloppy to date. ""I think we need some guardrails around data centers, kids, around AI agents, some pre-testing in terms of national security," Warner said. "Concerns over AI have become a front-burner issue, especially following a recent warning from Anthropic's Amodei, whose call for an AI slowdown was backed by Altman and SpaceX's Elon Musk.

But Trump, in numerous heated Truth Social posts a day earlier, called those concerns a "hoax. S. dominance over China in the fast-expanding industry is essential. "And it doesn't mean the government is asleep at the wheel. It's watching closely, using law enforcement when necessary to make sure that the firms are acting responsibly.

The report has been compiled by The Daily Waves using information reported across cnbc.com, bbc.co.uk, wired.com. Details are presented according to the information available at the time of publication and may change as authorities, organisers or other relevant parties provide updates.