US President Donald Trump expressed his concern that if the country fails to maintain its leadership in artificial intelligence and cryptocurrencies, China could take over. In an exclusive interview with CNBC, Trump emphasized the importance of staying ahead in these strategic industries.
He warned that falling behind in AI and crypto would not only harm the US economy but also give China a decisive competitive advantage. Trump described AI as having greater long-term potential than the internet and said the country leading the AI race will gain significant benefits.
Trump also discussed regulation, stating that governments should adopt limited regulation to allow innovation to thrive. He believes that imposing broad restrictions on the industry would hinder progress and make it difficult for the US to maintain its lead.