No need for new laws on AI, says Nvidia boss

The CEO of Nvidia has said there is no need to introduce regulations in the AI sector, following widespread concerns over safety.

Speaking at a Salesforce event on Tuesday, Jensen Huang said no new laws or regulations were needed for AI safety, adding that companies should pace themselves until they are certain they're releasing something the market would appreciate.

Mr Huang recently organised an open letter to warn policymakers against placing heavy restrictions on open-weight AI models.

It comes amid growing concern over safety of the technology from voices both inside and outside the industry.

Most recently, two figures from the opposite ends of the US political spectrum, Steve Bannon and Bernie Sanders, came together over concerns AI will harm humans.

The two appeared at the same Washington gathering to warn of the threat posed by AI.

Mr Sanders, a self-described democratic socialist, called for binding safety rules as he said: "AI has the potential to eliminate tens of millions of jobs, wiping out entire professions and making it harder for our young people to enter the workforce."

He added: "As many scientists believe could happen, this technology will escape human control with potentially catastrophic consequences."

On Tuesday, Mr ​Bannon, a former White House strategist during Trump's first presidential term, called AI the defining issue of our time.

"Here's what we have to do first: to slow down the pace so that we can understand exactly what's ⁠going on," Mr Bannon said.

Speaking on Sky News' The World with Yalda Hakim, US correspondent James Matthews said: "That Sanders- Bannon combo...

"That's interesting because they are from very different sides of the political divide, far left and far right, occupying the same space when it comes to concerns around AI, both calling today for AI restrictions, that's not a territory where Donald Trump finds himself, and that's where his vulnerability is."

Donald Trump on Monday dismissed concerns over safety, insisting he wants to continue full-speed with the tech.

He said pleas to slow the pace of development were part of a "sick conspiracy", before later labelling the industry fears as a "HOAX".

Over the weekend, Anthropic's boss Dario Amodei published an essay calling for the pace of AI development to be slowed.

He wrote: "We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of the time we gain."

In response to this, Elon Musk said: "Dario is right."

Sam Altman, chief executive of OpenAI, also said he agreed, saying in an X post: "I agree with Dario that we need to pace the frontier.

"This has been a primary topic of discussions we've had at OpenAI in recent weeks.

"Committing to having independent evaluators with employee-like access is a great idea, and we will do the same. We'll have more to share soon."

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In a post online on Monday morning, Altman said: "When we talk about 'pacing', we do not mean 'stopping'. Progress has been rapid and will continue to be.

"But it should be slower than it otherwise could be; interventions like safety cases and monitoring have significant costs."

Altman said that pacing would be "well worth this cost" and competitive pressure shouldn't "justify recklessness".

He said the intervention of government would be needed for "international coordination", but, pointedly, Altman said that he didn't think AI companies needed to wait for legislation.

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