SK Group Chairman Chey Tae-won is pushing for a sustainable AI business model to prevent an investment bubble. Speaking at the Ulsan Forum 2026, he warned that massive spending must generate profits rather than relying on external capital. To achieve this, SK is building a massive data center in Ulsan with Amazon Web Services, featuring nearly 900 megawatts of capacity and a 7 trillion won price tag, set to open in late 2027.
While industry leaders like Anthropic CEO Dario Amodei and former researcher Jacob Coxon urge caution, US President Donald Trump downplays these fears. Amodei recently called for slowing AI development to ensure safety against risks like self-improvement, and Coxon warned capabilities could become scary within six months. Trump, however, insists the US must maintain its lead over China, dismissing concerns as exaggerated efforts by negative forces.
Amidst these debates, significant corporate moves are underway. Discovery Loop, an AI startup founded by former Google Chief Scientist Jeff Dean, is seeking a 50 billion dollar funding round to automate scientific experiments. Meanwhile, California lawmakers are demanding emergency laws and criminal penalties for rogue AI creators following Amodei's warnings about uncontrollable self-improvement.
On the consumer side, security gaps remain a major issue. Experts note that while Apple and Meta have internal safety measures, they do not share details with users, forcing homeowners to build their own local security networks. Google has also developed a hidden security feature for Android called EXECUTE_APP_FUNCTIONS, designed to cage AI agents, though it is not yet available to regular users.
Key Takeaways
- SK Group Chairman Chey Tae-won warns that AI investments must generate profits to avoid creating an investment bubble.
- SK is building a 7 trillion won AI data center in Ulsan with Amazon Web Services, scheduled for late 2027.
- Anthropic CEO Dario Amodei called for slowing AI development to allow time for safety alignment.
- Former Anthropic researcher Jacob Coxon warned AI capabilities could become dangerous within six months to a year.
- US President Donald Trump downplayed AI safety fears, stating the US must maintain its lead over China.
- Discovery Loop, founded by former Google Chief Scientist Jeff Dean, is seeking a 50 billion dollar valuation.
- California lawmakers are pushing for emergency laws and criminal penalties for rogue AI creators.
- Experts advise homeowners to build local security networks because Apple and Meta do not share safety details with users.
- Google created a hidden Android security feature called EXECUTE_APP_FUNCTIONS to restrict AI agent access.
- UK is launching AI bootcamps to help nearly one million young people find employment through tech skills.
SK Chairman Chey Calls for Sustainable AI Business Model
SK Group Chairman Chey Tae-won spoke at the Ulsan Forum 2026 about the need for a sustainable business model for artificial intelligence. He warned that massive investments in AI must generate profits to avoid creating an investment bubble. Chey identified speed, scale, and safety as key pillars of SK's strategy while emphasizing the need for nationwide efforts to achieve economies of scale. The group is building a large AI data center in Ulsan with Amazon Web Services that has a capacity of nearly 900 megawatts. This project costs an estimated 7 trillion won and is scheduled to begin operations in the second half of 2027.
Chey Tae-won Warns AI Boom Could Burst Without Returns
SK Group Chairman Chey Tae-won stated that the global rush into artificial intelligence must reach a point where the technology generates its own profits. He warned that companies pouring in astronomical sums could see the entire AI ecosystem deflate like a bubble if they fail to find clear revenue models. The key question remains whether AI can become a sustainable business model that reinvests its own earnings to support further growth.
Chey Tae-won Says AI Must Reach Point Where It Funds Itself
SK Group Chairman Chey Tae-won said the global rush into artificial intelligence investment has become a critical moment for the industry. He emphasized that the technology must eventually fund itself through profits rather than relying solely on external capital. Chey stressed that viable business models are necessary to ensure the long-term sustainability of AI investment and prevent a potential market crash.
Trump Downplays AI Fears While Industry Leaders Call for Slower Development
US President Donald Trump downplayed fears about artificial intelligence, stating that the US is leading China in the technology and must maintain that advantage. While some industry leaders like Anthropic CEO Dario Amodei have called for slowing down AI development to ensure safety, Trump believes many concerns are exaggerated. Amodei argued that the industry must pace its progress to allow time for aligning and safeguarding models against risks like self-improvement or cybersecurity breaches. Despite these warnings, Trump suggested that regulatory safeguards could be introduced but insisted that negative forces are overstating potential dangers.
Trump Resists Calls For AI Slowdown Citing Negative Forces
US President Donald Trump pushed back on growing calls to slow down or heavily regulate artificial intelligence, speaking to reporters in Doonbeg, Ireland. He stated that very negative forces are stoking fears about the technology that will not materialize. Trump emphasized that the US is the most sophisticated country in AI and wants to keep that lead because whoever wins AI wins. Although he left the door open for guardrails, he immediately undercut the idea by saying the concerns being raised are unnecessary. This stance comes after Anthropic CEO Dario Amodei published an essay calling for the industry to deliberately slow the rate at which it improves model capabilities.
Former Anthropic researcher warns AI risks are coming soon
Jacob Coxon, a former researcher at Anthropic, spoke on Meet the Press about the dangers of artificial intelligence. He stated that AI capabilities could become quite scary within six months to a year. Coxon called for global coordination to handle these risks before they become unmanageable. The interview took place on September 13, 2026.
Discovery Loop startup seeks 50 billion dollar funding round
Discovery Loop, an AI startup founded by former Google Chief Scientist Jeff Dean, is trying to raise money at a 50 billion dollar valuation. The company aims to use AI to automate thousands of experiments and speed up science and engineering. Other Google veterans like Sanjay Ghemawat, Quoc Le, and Oriol Vinyals also joined the team. The final deal terms are still subject to change and may not happen as planned.
Homeowners must build their own security for smart home AI
Many consumer smart home tools lack the security needed to protect AI agents from making mistakes or accessing private data. While companies like Apple and Meta have internal safety measures, they do not share these details with regular users. If a system fails, consumers have no way to see what went wrong or fix it themselves. Experts suggest building a local network with Home Assistant and firewalls, but this costs hundreds of dollars and requires technical skills.
California lawmakers demand penalties for rogue AI creators
California lawmakers are asking for emergency laws and criminal penalties after AI leaders admitted their technology could threaten humanity. Anthropic CEO Dario Amodei wrote an essay on September 12 saying AI could improve itself faster than humans can control it. Rep. Ted Lieu responded by calling for immediate guardrails on the technology. He urged House Speaker Mike Johnson to bring lawmakers back to Washington to pass new rules.
UK launches AI bootcamps to help young people find jobs
A pilot program in Preston is offering three-week AI bootcamps to help young people who are not in education or employment. The course teaches participants how to build AI tools and use the technology responsibly. At the end of the program, students can apply for apprenticeships with partners like JD Sports, Heinz, and Agilysys. The goal is to help nearly one million young people in the UK find work by giving them valuable tech skills.
Oil Prices Rise Above $100 as MoneySimpler Launches AI Trading
Oil prices have gone above $100 per barrel, which worries investors about rising inflation and global markets. The Federal Reserve is expected to make a new policy decision soon that could change how the economy works. To help people navigate these difficult times, MoneySimpler has introduced an AI-powered automated trading system for digital assets. Users can register an account, deposit supported coins like BTC, ETH, and XRP, and choose from various strategies without writing any code. The platform automatically analyzes market data and executes trades based on the selected plan, offering options like Basis Arbitrage and Equity Alpha strategies.
Google Created a Security Cage for AI Agents on Android
Google has built a special security feature for Android called EXECUTE_APP_FUNCTIONS, but it is not available to regular users yet. This system permission acts like a cage that only approved AI agents can enter to run other apps. The permission exists in the Android code and developer documents but does not appear in the Settings menu or Developer options on phones. It is currently reserved for future AI agents that Google plans to introduce later. Most Android users will not see this feature because the specific agents that need it have not been released.
Sources
- SK chairman calls for sustainable AI biz model amid investment boom
- Chey Tae-won Warns AI Boom Could Burst Without Returns
- Chey Tae-won Says AI Must Reach Point Where It Funds Itself
- ‘We’re leading China’: Trump downplays AI fears as industry calls to backtrack, says 'whoever wins AI wins'
- Trump Appears To Resist Calls For AI Slowdown, Says “Very Negative Forces” Raising Concerns
- AI whistleblower calls for ‘global coordination’ to mitigate AI risks: Full interview
- AI Startup Discovery Loop, founded by former Google Chief Scientist Jeff Dean, seeks to raise funds at $50 bn valuation
- AI Agent Defender: What Consumer Tools Actually Exist to Protect Your Smart Home’s AI Agents
- Rogue AI concerns prompt CA lawmakers to demand penalties, guardrails
- ‘Really helpful’: the AI bootcamps aimed at addressing UK youth unemployment
- Oil Prices Surge Above $100 as Inflation Fears Grow, MoneySimpler Expands AI Automated Trading
- Google built a security cage for AI agents on Android, but it's still empty
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