The administration postponed the Friday session of the science and technology council to November 13, according to the Energy Department. Venture capitalist David Sacks and White House tech adviser Michael Kratsios co-chair the body, which consults with the administration's "Super Intelligence Task Force." The decision arrives amid heightened investor anxiety over whether massive capital spending on artificial intelligence will yield adequate profits. Furthermore, Wall Street recently retreated due to worries that a Democrat-led Congress could place restrictions on rapid technological expansion.
Key points
Outside technology executives are coordinating with White House staff to steer policies f…: Outside technology executives are coordinating with White House staff to steer policies for the administration's Super Intelligence Task Force.
The postponement coincided with significant stock market turbulence driven by skepticism…: The postponement coincided with significant stock market turbulence driven by skepticism surrounding AI infrastructure profitability.
Political friction looms over the sector amid investor concerns that a Democrat-controlle…: Political friction looms over the sector amid investor concerns that a Democrat-controlled Congress could slow artificial intelligence advances.
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WASHINGTON, Nov 6 : The Trump administration postponed a meeting on Friday of a White House tech panel that includes Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg, an Energy Department spokesperson said.
Technology shares sold off dramatically on Thursday on growing concerns that a new Congress controlled by Democrats will slow artificial intelligence development, and fears that the massive capital expenditure on building out AI will not yield sufficient returns. The market turmoil has heightened scrutiny of the sector among executives in Silicon Valley and policymakers in Washington.
The meeting on Friday was scheduled to convene the President's Council of Advisors on Science and Technology, an outside panel that advises President Donald Trump. The group also includes AMD CEO Lisa Su, Oracle Chief Technology Officer Larry Ellison and Marc Andreessen, the co-founder of Andreessen Horowitz. Its co-chairs are venture capitalist David Sacks and White House tech adviser Michael Kratsios.
The Energy Department's meeting website lists November 13 as the new date for the meeting.
The initial meeting announcement said the panel would advise Trump's new AI task force,…
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