Private sector is 'the right place' to solve AI threats, White House's Hassett says

National Economic Council Director Kevin Hassett told CNBC that the private sector can solve AI development risks, while the government only observes and involves law enforcement. The statement came after Trump called concerns around AI a 'hoax'.

• Hassett: AI problems are 'fully solvable' by business
• Government, he said, monitors and enforces law when necessary
• Trump previously called fears around AI a 'hoax'
• US administration bets on leadership over China in AI