WASHINGTON, Nov 6 : The Trump administration canceled 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 briefly listed November 13 as the new date for the meeting, but the agency later sent an email retracting that.
The initial meeting announcement…