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Trump Dismisses AI Safety Concerns As A Hoax, Teases New AI ‘Czar’ And Force

President Donald Trump has entered the artificial intelligence debate in familiar fashion: by reframing a policy fight as a political attack. In a series of Truth Social posts on Saturday, Trump dismissed growing concerns about AI safety and data center expansion as yet another Democratic “hoax,” while also floating a new name for the technology and hinting at a future federal AI czar.

Trump Rebrands AI, Then Calls Safety Concerns A Hoax

Trump first suggested that the term “Artificial Intelligence” sounds “inaccurate” and “ineloquent,” before posting a poll asking followers to choose a replacement: Superior Intelligence, Extreme Intelligence or Supreme Intelligence. The poll remained active at the time of publication.

Hours later, he escalated the message, claiming that efforts to “decimate” or “destroy” AI were part of a broader pattern of Democratic deception, grouping the issue with everything from Russia and Ukraine to global warming and impeachment.

He offered no evidence for the assertion. Nor did he address the fact that skepticism toward AI and large-scale data center projects has emerged across the political spectrum, including in states such as New York, where officials have moved to pause permits for major new developments.

Data Centers Have Become A Political Flashpoint

Trump’s comments also reflect the growing backlash around the infrastructure behind AI. Across the country, communities and lawmakers have raised concerns about energy demand, water use, land consumption and the industrial footprint of hyperscale data centers. Supporters argue the projects bring investment and tax revenue; critics say the benefits are often overstated and the costs are local.

That tension has made data centers an unusually broad political target. Trump framed the criticism as an attack that began with data centers before shifting to AI itself, but the reality is more complex: opposition has come from both left and right, driven as much by zoning, utility constraints and environmental concerns as by ideology.

Trump Signals Support For The Industry — On His Terms

Even as he attacked the backlash, Trump insisted he would “cherish” the AI industry, help it and “watch over it” as it grows. He then said he is creating an AI Force, drawing a parallel to the Space Force launched during his first term.

He also said he will soon announce an AI “Czar,” adding that “only high I.Q. individuals need apply.” Trump did not outline what the role would do or how it would fit into the federal government’s existing technology and national security apparatus.

The position would follow the departure earlier this year of venture capitalist David Sacks from his post as Trump’s AI and crypto czar. Sacks later moved into a leadership role on the President’s Council of Advisors on Science and Technology.

AI Safety Debate Continues To Intensify

The president’s remarks come as the AI safety debate has sharpened in recent weeks. An AI researcher recently said he was leaving Anthropic over fears that leading companies believe the technology could pose a catastrophic threat by the end of the decade. Anthropic chief executive Dario Amodei has since published a plan aimed at slowing the frontier of development, a position that appears to have earned at least partial backing from OpenAI CEO Sam Altman and Elon Musk.

At the same time, critics argue that high-level existential warnings can obscure more immediate concerns, including labor displacement, misinformation, surveillance, discrimination and the concentration of power among a handful of tech giants.

That tension captures the heart of the current policy fight: whether AI safety is a genuine governance challenge, or a rhetorical cover for broader competition over who gets to shape the next major computing platform.

Nvidia’s Jensen Huang Backed Trump’s Framing

Adding to the momentum behind the industry, Nvidia chief executive Jensen Huang recently appeared alongside Trump at the All-In Summit and agreed with the president that the backlash against AI amounts to a “hoax.” Huang also said the industry would not allow a slowdown to take hold.

The remarks underscore how closely the AI boom now intersects with politics, industrial policy and corporate influence. What was once framed as a technical debate about models, compute and guardrails has become a far larger contest over power, regulation and economic advantage.

LVMH Revenue Rises, But China Weakness Continues To Weigh On Luxury Giant

A Softer Quarter Exposes The Limits Of Luxury’s Recovery

LVMH, the world’s largest luxury group and parent of Louis Vuitton, Dior, Celine and Hennessy, reported revenue of €18.5 billion in the three months to the end of September, underscoring both the scale of its business and the pressure building across parts of the luxury market.

The company’s revenue rose 1.2% year on year in the third quarter, following a 0.1% increase in the second quarter and a 5.9% decline in the first. The trajectory points to stabilization, but not yet to a convincing rebound.

Organic Growth Misses Expectations

Organic sales growth, which strips out currency effects and portfolio changes, slowed to 1% in the third quarter from 3% in the previous quarter. That result fell short of market expectations and reinforced concerns that the luxury cycle remains uneven.

For the first nine months of the year, LVMH generated sales of €57.1 billion, with organic growth of 2%.

In its statement, the company highlighted the breadth of its portfolio, saying that diversification continues to provide resilience in an uncertain geopolitical and economic environment. That remains one of LVMH’s defining strengths: when one category weakens, another can help offset the downturn.

China Remains The Key Pressure Point

LVMH said sales performed well in the United States, Europe and Japan, but conditions in China remained less favorable. That matters because the country has long been one of the most important growth engines for global luxury brands.

The fashion and leather goods division, LVMH’s most closely watched unit, saw organic sales fall 5% as weaker demand in China weighed on performance. Deutsche Bank said the decline was steeper than the roughly 2% drop expected by analysts.

The segment had delivered its first organic sales gain in two years in the previous quarter, making the latest retreat a notable setback.

Brand Equity Faces A Test In China

The quarter also highlighted the reputational risks facing global brands in China. Louis Vuitton drew criticism after suing local tea company Molly Tea over logo copying. Although the company won the case, the dispute sparked social media backlash and boycott calls, adding another layer of pressure to an already fragile environment.

For a company built on scarcity, aspiration and brand discipline, perception is an asset as valuable as inventory. In a market as digitally connected as China, that asset can shift quickly.

Mixed Performance Across The Portfolio

Not every division weakened. LVMH’s selective retailing business, which includes Sephora, posted an 8% organic sales increase. Watches and jewellery, along with wines and spirits, both recorded 6% organic gains.

That broad mix is precisely what has historically given LVMH an advantage over rivals: it can absorb softness in one category without relying on a single growth driver.

Analysts See A Longer Recovery Ahead

Deutsche Bank analysts said the results could lead to further cuts in earnings forecasts for the second half of 2026 and 2027. They added that it is difficult to see what could improve investor sentiment in the near term.

Still, the bank framed the weakness as cyclical rather than structural. In its view, recovery is taking longer because Chinese demand remains subdued, but the problem does not appear to reflect a permanent deterioration in the brand franchise. Analysts said ongoing brand initiatives are beginning to show results, though improvements are likely to remain gradual.

Investor Pressure Continues To Mount

LVMH’s share price has fallen nearly 40% since the start of the year. In September, L’Oréal overtook the group as France’s most valuable listed company, a symbolic shift that captures how sharply sentiment has changed.

Shares in LVMH were down more than 1.6% in Paris around 10 a.m. CEST following the release.

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