Trump: US must maintain AI leadership, downplaying calls for slowing AI development

According to Bitget market data, South Korea’s KOSPI index opened 3.14% lower, SK Hynix fell 5%, and Samsung Electronics dropped 3.6%. Japan’s Nikkei 225 index opened down 410.94 points (0.64%) on Monday, September 14, trading at 63,600.40 points. Earlier, three major AI giants, concerned about AI safety, jointly called for a slowdown in the development of advanced models.

This week, global markets are entering a "central bank super week." The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) will release its interest rate decision and Summary of Economic Projections in the early hours of Thursday Beijing time, followed by a monetary policy press conference from Fed Chair Jerome Powell. The Bank of England (BoE) and Bank of Japan (BoJ) will also announce their respective rate decisions on Thursday and Friday. Meanwhile, the U.S. Senate will hold a key procedural vote on the CLARITY Act on Tuesday local time, while the U.S. Securities and Exchange Commission (SEC) will host a roundtable the same day to discuss 24-hour trading. Key events to watch: Tuesday: Key procedural vote on the Cryptocurrency Market Structure Act (the CLARITY Act); weekly change in U.S. ADP employment for the week ended August 29; September New York Fed Manufacturing Index. Wednesday: U.S. API crude oil inventories for the week ended September 11; August U.S. retail sales month-over-month rate, August U.S. import price index month-over-month rate, September NAHB Housing Market Index; July U.S. business inventories month-over-month rate; U.S. EIA crude oil inventories for the week ended September 11. Thursday: FOMC releases interest rate decision (2:00 a.m. Beijing time Thursday) and Summary of Economic Projections; Fed Chair holds monetary policy press conference; U.S. initial jobless claims for the week ended September 12; Bank of England announces interest rate decision and meeting minutes; SEC hosts roundtable to discuss 24-hour trading. Friday: Bank of Japan releases interest rate decision; BoJ Governor Kazuo Ueda holds monetary policy press conference.

According to GMGN market data, as Bitcoin continues its downward trend, newly issued meme coins across all blockchains are seeing broad declines: On Robinhood Chain, PONS is down 7.36% in 24 hours at $0.551; Artificial Inu (AI) fell 15.16% to $0.246; WALLET dropped 6.35% to $0.0561. On BNB Chain, Niulai is down 9.39% at $0.12197; MARSCOIN fell 14.91% to $0.0993; 4Stock dropped 32.12% to $0.019. On Solana, STONK is down 26.6% at $0.212; ZCAT fell 35.82% to $0.0804; ANSEM dropped 13.23% to $0.139.

Trump once again urged the Federal Reserve to maintain low interest rates on Sunday, but after August inflation exceeded expectations, market bets on the Fed raising rates this week have risen to over 85%. Dual pressures from rate-cut and rate-hike expectations have left Walsh trapped in a "no-win situation". According to HTX market data, the crypto market continues its correction: Bitcoin fell below $77,000 to trade at $76,720, Ethereum at $2,474.88, BNB at $716.25, SOL at $99.61, and ZEC at $1,064.6. The total market capitalization of cryptocurrencies dropped 0.8% in 24 hours to $2.718 trillion. Per BIT (bit.com) market data, during Asian morning trading, both WTI crude oil and Brent crude oil saw their intraday gains expand to over 3% at one point. On the news front, Saudi Arabia shut down its east-west oil pipeline as a precaution following a prior attack, and a Gulf region conference has been postponed.

According to a report from The Information citing insiders, Anthropic, OpenAI, and Google have been in talks to jointly establish an AI industry standards body. These discussions predated a Saturday call by Anthropic CEO Dario Amodei, who urged AI companies to coordinate on testing and auditing related technologies. One insider noted that OpenAI founder Sam Altman told employees at the company’s all-hands meeting earlier this week that he backs the creation of an AI industry testing and audit body, but argued major AI labs should set up their own industry standards bodies rather than relying on U.S. government support.

According to The New York Times, King Charles III of the United Kingdom will meet with leaders of major artificial intelligence companies in Scotland this week, amid growing concerns that the rapid, unbridled development of the technology could trigger a global catastrophe. Per a Buckingham Palace statement, Charles will convene heads of firms including Nvidia, Google, DeepMind, OpenAI, and Anthropic, alongside government officials, to discuss how to develop and deploy AI in ways that benefit society. The gathering will take place at Dumfries House—headquarters of the King Foundation, an educational charity—in Ayrshire, southwest Scotland. It comes as AI insiders and several industry giants issue warnings about these tools and their fast-paced advancement. Some have called for establishing shared guidelines and intentionally slowing development to ensure humanity can keep pace. The Buckingham Palace statement notes that Charles’ AI summit will explore leveraging the technology for humanity’s benefit, thereby strengthening community cohesion and improving people’s lives.