Jensen Huang took a call from Trump, and showed off something else, too
Source: TechCrunch ↗ (cross-verified by 3 outlets — full list below)
Nvidia CEO Jensen Huang fielded a live phone call from former President Donald Trump onstage at the All‑In conference in Los Angeles, answering the call on a foldable smartphone that sparked as much commentary as the conversation itself. Dressed in his trademark alligator‑leather jacket, Huang placed Trump on speaker and the two discussed AI safety, with Trump dismissing mounting concerns as a “hoax” and claiming that the real beneficiaries of AI‑related panic were China and “political people.” He described the technology as “bigger than the internet” and impossible to slow down, prompting Huang to interject, “Did you hear that? Thousands of people are clapping,” as the audience reacted.
The exchange highlighted the tension between public discourse on AI risks and Nvidia’s commercial interests, since the company’s revenue hinges on AI laboratories purchasing its GPUs. By appearing to downplay existential threats, Huang aligned, at least superficially, with Trump’s narrative, a stance that could be interpreted as protecting Nvidia’s share price, which has risen 33% over the past year despite a modest dip on the day of the event. An earlier version of the report mistakenly identified the device Huang used as Apple’s iPhone Duo; it has since been corrected to note that the phone was a different foldable model, removing conclusions drawn from that error.
Beyond the headline‑making call, the All‑In conference featured a broader showcase of AI firms, including OpenAI, Anthropic, and Replit, across six industry stages at Disrupt 2026, with tickets discounted by 25% and an exhibit deadline of September 18. The event’s expo hall promised high‑impact leads and investor access, underscoring the rapid commercialization of AI technologies. Huang’s appearance and the Trump call served as a vivid illustration of how corporate leaders are navigating the intersection of technology hype, geopolitical narratives, and market pressures in a landscape where AI is increasingly central to both industry growth and public policy debates.
⚡ Effects Interpreter
🌍World Economylow impact
What this means for you
- ▶Growth projections drawn up in distant capitals may need a rethink.
- ▶Currency traders elsewhere may start pricing in the fallout within hours.
🏙️Local Economylow impact
What this means for you
- ▶Everyday spending habits nearby may shift once the news sinks in.
- ▶Your town's economy tends to catch up with big headlines eventually.
🏦Rates & Bankslow impact
What this means for you
- ▶Borrowing plans are usually safe from sudden shocks over something like this.
- ▶Mortgage offers may firm up or soften as the picture becomes clearer.
❤️Healthmedium impact
What this means for you
- ▶Keeping a normal routine often helps steady the nerves during unsettling news.
- ▶Local wellbeing services are there precisely for moments when news feels overwhelming.
💷Wealthlow impact
What this means for you
- ▶It might be worth a quick look at your ISA or pension in the coming days.
- ▶Money set aside for the future can afford to sit tight through this.
🏠Housingmedium impact
What this means for you
- ▶Home costs usually respond down the road, once the bigger picture settles.
- ▶A patient seller usually fares better than one rushing to react to headlines.
🌍 Effects for your country
The U.S.'s central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The U.S.'s economy is growing at 2.3% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the U.S.'s own central bank rate closely. With the U.S.'s unemployment at 4.4%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in the U.S. depends more on local healthcare capacity than the figures above.
The UK's central bank rate currently stands at 3.75%, so a global rates move like this could feed through to local borrowing costs. The UK's economy is growing at 0.8% with inflation at 3.2%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UK's own central bank rate closely. With the UK's unemployment at 5.6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in the UK depends more on local healthcare capacity than the figures above.
France's central bank rate currently stands at 2%, so a global rates move like this could feed through to local borrowing costs. France's economy is growing at 0.9% with inflation at 1.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track France's own central bank rate closely. With France's unemployment at 7.9%, personal-finance effects like this land on a labour market that is already under strain. Health-system effects are harder to localise from economic indicators alone — the real impact in France depends more on local healthcare capacity than the figures above.
Romania's central bank rate currently stands at 6.5%, so a global rates move like this could feed through to local borrowing costs. Romania's economy is growing at 0.7% with inflation at 7.8%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track Romania's own central bank rate closely. With Romania's unemployment at 6%, personal-finance effects like this land on a labour market that is currently fairly stable. Health-system effects are harder to localise from economic indicators alone — the real impact in Romania depends more on local healthcare capacity than the figures above.
The UAE's central bank rate currently stands at 3.65%, so a global rates move like this could feed through to local borrowing costs. The UAE's economy is growing at 3.1% with inflation at 2.5%, the backdrop this story's effects play out against locally. Housing-market effects like this are usually felt most where mortgage rates track the UAE's own central bank rate closely. Health-system effects are harder to localise from economic indicators alone — the real impact in the UAE depends more on local healthcare capacity than the figures above.