Trump Labels CBDCs and AI as 'Dangerous': A Deep Dive

Jonathan Stoker Feb 05, 2024, 09:20am 243 views

Trump Labels CBDCs and AI as 'Dangerous': A Deep Dive

Donald Trump Addresses Concerns over Artificial Intelligence and CBDCs

In a recent interview with Fox Business' Maria Bartiromo, former president and notable Republican, Donald Trump, expressed his apprehensions about the potential hazards of artificial intelligence (AI), particularly deepfakes.

Artificial Intelligence: A Dangerous and Scary Reality

Trump's concerns revolve around the use of deepfakes for activities ranging from fabricating false product endorsements to potentially sparking conflicts. He shared an instance where someone misused his likeness to make it appear as though he was endorsing a product, which he explicitly stated he never would. "You can't even tell the difference. It looks like I'm actually endorsing it," he said.

Moreover, he expressed fears over the broader implications of such technology. "You can get that into wars and other things," he added. Trump stressed the urgent need for action on this issue, describing AI as "maybe the most dangerous thing out there of anything because there is no real solution."

Trump's Take on CBDCs

Throughout the interview, Trump maintained a critical stance on Central Bank Digital Currencies (CBDCs), labeling them as a "very dangerous thing." He aired worries about the digital currencies and the potential risks they might impose.

On Federal Reserve Leadership

In the same interview, Trump also addressed a rumor regarding the potential replacement of Jay Powell as chair of the Federal Reserve. He dismissed the speculation, referring to Powell as "political." He further suggested that Powell might be attempting to manipulate interest rates for political advantage, stating, "It looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."

Edited by Jonathan Stoker

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