AI Insights
Trump hosts US tech leaders at White House dinner – minus Elon Musk | Elon Musk

As Donald Trump hosted leaders from the biggest US tech companies at a lavish White House state dining room dinner on Thursday night, there was one notable absence. Elon Musk, once inseparable from Trump and a constant, contentious presence in the White House, was not in attendance.
The dinner, which included Meta’s Mark Zuckerberg, Microsoft’s Bill Gates, Apple’s Tim Cook and OpenAI’s Sam Altman, was exactly the type of event where Musk would have sat at Trump’s right hand only a few months ago. Instead, the Tesla CEO stated on his social media platform X that he had been invited but could not make it. He said he planned to send a representative and spent the day on X posting a familiar stream of attacks on immigration and trans people.
The White House did not respond for comment on why Musk would not be at the dinner.
The event, which was to have been held on the newly paved-over Rose Garden, until a forecast of thunderstorms forced the event indoors, began with televised words of praise for the president from several of the assembled tech leaders, and a brief series of questions from reporters.
Musk’s absence, even if voluntary, is a stark turnaround from when Trump repeatedly joked following the election that “Elon won’t go home, I can’t get rid of him”. The vacant seat highlights a divide that has emerged between the two men since their very public falling out earlier this year, one that has seen Musk’s influence over the government wane despite spending hundreds of millions of dollars to re-elect Trump during the 2024 election.
Musk’s omission from the list of attendees also echoes one of the seminal moments of his political evolution, another White House event. In 2022, then president Joe Biden failed to invite the Tesla CEO to a summit on electric vehicles over concerns it would draw backlash from autoworkers’ unions. Musk, who had not yet publicly aligned himself with the Republican party, lashed out at the White House for the snub and declared that he would not vote for Biden. The move proved enormously costly for Democrats.
The incident clearly stuck with Musk, who like Trump has shown a tendency to harbor long-term grudges. Even on the day of Trump’s dinner, he reserved his ire for Biden rather than the current president, retweeting a clip of himself from 2023 addressing Biden’s snub with the post “I try not to start fights, but I do finish them”.
In the ensuing years, Musk has taken a hard turn to the political right. He has turned X into a bastion of far-right influencers, whom he frequently retweets to his more than 200 million followers. He has promoted false theories about Democrats conspiring to get immigrants to illegally vote en masse and embraced far-right political parties around the world. He also became Trump’s most vocal and deep-pocketed supporter, contributing nearly $300m to the re-election campaign and Republican causes.
Musk’s support for Trump placed him in a position of immense power after the president’s inauguration as the tech mogul established and led the so-called “department of government efficiency” and its sweeping dismantling of federal agencies. It also turned him into a prominent guest at political dinners and events, only a year after the British government did not invite him to a major tech summit as he made inflammatory anti-immigrant posts that claimed a “civil war” would take place in the UK.
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Since Musk and Trump’s relationship imploded in May over policy differences – Musk railed against Trump’s signature One Big Beautiful Bill – which then snowballed into Musk accusing Trump of being in the files pertaining to notorious sex offender Jeffrey Epstein, the xAI CEO has all but vanished from high-profile government events. Although Trump still praises Musk as a “genius”, he told reporters on Wednesday night that Musk has “got some problems” and the two have not been seen together since their public spat.
As Musk has feuded with Trump and ceded his place in the White House, however, rival tech moguls have grown closer with the administration and filled some of the vacuum. Earlier this month, Trump hosted Cook, the Apple CEO, at the White House, who in turn gifted the president a 24-karat-gold souvenir. Meanwhile, Trump aides have discussed cutting Musk’s government contracts, according to the Wall Street Journal, only to find upon review that doing so would endanger too many key operations.
If Musk had attended Thursday’s dinner, it would have created an awkward arrangement as he is suing two of the companies whose leaders were in attendance: Apple and OpenAI, helmed by his former collaborator and now nemesis Altman. As with Trump, Musk has also attacked Gates for his ties to Epstein after the Microsoft founder accused him of “killing children” through Doge’s cuts to foreign aid.
AI Insights
AI’s Baby Bonus? | American Enterprise Institute

It seems humanity is running out of children faster than expected. Fertility rates are collapsing around the world, often decades ahead of United Nations projections. Turkey’s fell to 1.48 last year—a level the UN thought would not arrive until 2100—while Bogotá’s is now below Tokyo’s. Even India, once assumed to prop up global demographics, has dipped under replacement. According to a new piece in The Economist, the world’s population, once projected to crest at 10.3 billion in 2084, may instead peak in the 2050s below nine billion before declining. (Among those experts mentioned, by the way, is Jesús Fernández-Villaverde, an economist at the University of Pennsylvania and visiting AEI scholar.)
From “Humanity will shrink, far sooner than you think” in the most recent issue: “At that point, the world’s population will start to shrink, something it has not done since the 14th century, when the Black Death wiped out perhaps a fifth of humanity.”
This demographic crunch has defied policymaker efforts. Child allowances, flexible work schemes, and subsidized daycare have barely budged birth rates. For its part, the UN continues to assume fertility will stabilize or rebound. But a demographer quoted by the magazine calls that “wishful thinking,” and the opinion is hardly an outlier.
See if you find the UN assumption persuasive:
It is indeed possible to imagine that fertility might recover in some countries. It has done so before, rising in the early 2000s in the United States and much of northern Europe as women who had delayed having children got round to it. But it is far from clear that the world is destined to follow this example, and anyway, birth rates in most of the places that seemed fecund are declining again. They have fallen by a fifth in Nordic countries since 2010.
John Wilmoth of the United Nations Population Division explains one rationale for the idea that fertility rates will rebound: “an expectation of continuing social progress towards gender equality and women’s empowerment”. If the harm to women’s careers and finances that comes from having children were erased, fertility might rise. But the record of women’s empowerment thus far around the world is that it leads to lower fertility rates. It is not “an air-tight case”, concedes Mr Wilmoth.
Against this bleak backdrop, technology may be the only credible source of hope. Zoom boss Eric Yuan recently joined Bill Gates, Nvidia’s Jensen Huang, and JPMorgan’s Jamie Dimon in predicting shorter workweeks as advances in artificial intelligence boost worker productivity. The optimistic scenario goes like this: As digital assistants and code-writing bots shoulder more of the office load, employees reclaim hours for home life. Robot nannies and AI tutors lighten the costs and stresses of parenting, especially for dual-income households.
History hints at what could follow. Before the Industrial Revolution, wealth and fertility went hand-in-hand. That relationship flipped when economies modernized. Education became compulsory, child labor fell out of favor, and middle- and upper-class families invested heavily in fewer children’s education and well-being.
But today, wealthier Americans are having more children, treating them as the ultimate luxury good. As AI-driven abundance spreads more broadly, perhaps resulting in the shorter workweeks those CEOs are talking about, larger families may once again be considered an attainable aspiration for regular folks rather than an elite indulgence. (Fingers crossed, given this recent analysis from JPM: “The vast sums being spent on AI suggest that investors believe these productivity gains will ultimately materialize, but we suspect many of them have not yet done so.”)
Indeed, even a modest “baby bonus” from technology would be profound. Governments are running out of levers to pull, dials to turn, and buttons to press. AI-powered productivity may not just be the best bet for growth, it could be the only realistic chance of nudging humanity away from demographic decline. This is something for governments to think hard about when deciding how to regulate this fast-evolving technology.
AI Insights
AI’s winner-take-all effect, ‘Institutional Edge,’ episode 6 – Pensions & Investments

AI’s winner-take-all effect, ‘Institutional Edge,’ episode 6 Pensions & Investments
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AI Insights
Three eastern Iowa students charged in nude AI-generated photos case

CASCADE, Iowa — Three Cascade High School students accused of creating fake nude images of other students with artificial intelligence have been charged, according to the Western Dubuque Community School District.
Iowa Public Radio reported back in May, that a group of students allegedly attached the victims’ headshots on other images of nude bodies. School officials say they first were made aware of the images on March 25.
The school district says “any student charged as a creator or distributor of materials like those in question will not be permitted to attend school in person at Cascade Junior/Senior High School.”
The district would not give many more details in the case due to the ongoing investigation and their “legal obligation to maintain student confidentiality.”
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