The White House has canceled a meeting of the President’s Council of Advisors on Science and Technology, which was expected to include notable AI executives like Jensen Huang and Mark Zuckerberg. The cancellation comes after the Democrats' midterm election victories, raising concerns about potential increased regulation of the AI sector. Investors responded to these political changes with a significant selloff in technology stocks, losing about $2.5 trillion from the Nasdaq. The incoming Democratic leadership is preparing to challenge aspects of the current administration's AI agenda, focusing on consumer protections and safety regulations.
Key facts
- The meeting was scheduled for November 6, 2026.
- Attendees included Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg.
- The Nasdaq lost approximately $2.5 trillion in value due to investor concerns.
- Senate Minority Leader Chuck Schumer emphasized consumer protection from rising electricity costs.
- OpenAI announced a new framework for community engagement in data center development.
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