Democrats' US Congress win threatens Trump's AI superintelligence plan

Democrats' victory in the US midterm elections, securing majorities in both the House and Senate, threatens to limit the AI development promoted by the Trump administration as "superintelligence," which was to be coordinated by a White House committee. The Democratic majority plans stricter AI regulations. The White House postponed the first meeting of the "Super Intelligence Task Force," originally scheduled for Friday, to November 13. Democratic leaders, including incoming Senate Majority Leader Chuck Schumer, prioritize consumer protection against energy costs from data centers, while Representative Lori Trahan plans legislation requiring independent safety evaluations of major AI models. The political shift triggered a massive stock market selloff, with the Nasdaq falling 5.52% and Nvidia dropping 8.91%, erasing approximately $2.5 trillion in market value. Tech giants had bet heavily on Republican success, contributing around $600 million to their campaigns, with Elon Musk alone donating $470 million.