US President Donald Trump joked Thursday that AI “takes over the world” and that he hopes technology executives understand it more than he does.
The comments came when Trump and British Prime Minister Kiel Starmer hosted a gathering of London business and technology leaders during the president’s second state visit to the UK. Among the attendees was Nvidia CEO Jensen Huang.
Trump has admitted that he has little knowledge of AI, breaking from his prepared speeches about US-uk relationships, fresh partnerships and multi-billion dollar investments.
“This creates new government, academic and private sector cooperation in regions like AI that are taking over the world (…) I’m looking at you. You’re taking over the world. Jensen, I don’t know what you’re doing here.”
“I hope you are right. All I can say is we both hope you are right.”
Trump and Starme have signed a technology contract focused on AI
The highlight of the event was the signature of “Tech Prosperity Deal.” It sets out the two countries’ plans to deepen cooperation with new technology. The transaction covers projects such as the development of AI models in healthcare, advances in quantum computing, and modernization of nuclear programs.
As part of the deal, Nvidia has pledged to deploy 120,000 GPUs in the UK. It will be the biggest expansion in Europe.
Nvidia’s average behavior with Intel
Separately on Thursday, Nvidia revealed a $5 billion investment in Intel, coupled with a collaboration with new product Intel. The two companies will work together on a custom data center that supports AI systems and processors for personal computers.
Nvidia said it plans to buy Intel shares at $23.28 per share, subject to regulatory approval. Investment comes as Intel appears to be trying to regain the ground after years of decline.
“The historic collaboration marks the merging of two world-class platforms by accelerating the computing stack with Nvidia’s AI and Intel’s CPUs and the vast X86 ecosystem,” says Huang. “Together, we will expand our ecosystem and lay the foundations for the next age of computing.”
For data centers, Intel designs chips that support NVIDIA’s AI infrastructure. For desktop PCs, Intel will manufacture processors that integrate Nvidia’s technology, offering the company the opportunity to push it into areas that have lost momentum.
Intel’s Lifeline
The partnership is driving Intel, which once was the backbone of personal computers, now has a hard time keeping up to the pace. The company missed a shift to smartphones after Apple’s iPhone transformed the market in 2007, and has recently fallen behind the AI hardware race. Meanwhile, Nvidia has become the most valuable company in the world.
Investors responded immediately. Intel shares rose 30% in pre-market trading, while Nvidia shares rose almost 3%.
Before signing the contract, Trump added a dose of humor and turned to Treasury Secretary Scott Bescent and said, “Do I need to sign this? Is it Scott?
During his visit to the UK, Trump also said he wanted the AI to be treated wisely by the experts leading the development, as he acknowledged that he was beyond his understanding.
The Trump administration is closely monitoring the AI competition
While the partnership is expanding, US regulators are also focusing on competition in AI. Speaking at a conference in New York, Assistant Director Gale Slater said the U.S. Department of Justice is wary of anti-competitive behaviour in the sector. “The competitive dynamics of each layer of the AI stack and how they interact are legitimate areas of antitrust investigations, with a particular focus on exclusive actions that seize access to key inputs and distribution channels,” she said. “Of course, a truly open source model must be something that is not unilaterally maintained by a single vendor that exerts unfairly and imposes restrictions.”
One important area is accessing data. A federal judge in Washington recently ordered Google to share some of its search data with rivals, including AI companies, to level the playing field with online searches. Google says it will appeal its ruling.
Slater’s remarks reflect a continuity of concern. Anti-trust officials under President Joe Biden have also looked at Big Tech’s relationship with AI startups, indicating that both administrations see it as the centre of AI’s future.
(Photos based on HD history)
See also: Huawei unveils new Ascend chips to power the world’s most powerful cluster
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