Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Gov. Gavin Newsom (D-Calif.) criticized President Donald Trump’s approach to artificial intelligence, warning that limited federal oversight could leave the rapidly evolving technology without sufficient safeguards.
Newsom Slams Trump’s AI Approach
On Wednesday, Newsom made the remarks in a post on X while sharing a clip of himself discussing AI regulation.
“What we saw from the White House yesterday was bullshit,” he wrote. “It’s like Big Pharma saying we don’t need the FDA. Donald Trump’s ‘let it rip’ approach to AI is RECKLESS.”
-
<a href="https://www.benzinga.com/money/discover/these-5-startup-hires-matter-more-than-you-think-and-most-founders-get-them-wrong-y2?nid=62151955&utm_campaign=partner_feed&utm_medium=referral&utm_source=yahooFinance” rel=”nofollow noopener” target=”_blank”>A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
-
Still Learning the Market?These 50 Must-Know Terms Can Help You Catch Up Fast
In the clip, Newsom compared AI oversight to regulations governing pharmaceuticals and airlines, arguing that industries should not be left to determine on their own whether government safeguards are necessary.
“What I heard in Washington, D.C., yesterday was bullshit. That should scare the hell out of everybody,” he said.
He argued that California must continue strengthening its AI regulations in the absence of stronger federal leadership.
“We have to do a lot more in the absence of federal leadership, which they doubled down on yesterday,” Newsom said. “And so it only reinforces the imperative for us to accelerate our timelines.”
Newsom said an independent group established through his executive order would review AI-related issues, with California planning to implement its recommendations once the review is complete.
What we saw from the White House yesterday was bullshit.
It’s like Big Pharma saying we don’t need the FDA.
Donald Trump’s “let it rip” approach to AI is RECKLESS. pic.twitter.com/2Ua0wtc6xl
— Gavin Newsom (@GavinNewsom) September 30, 2026
Trending:Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
Newsom Highlights AI Accord Typo
Newsom shared the White House’s announcement of the “Accord on Super Intelligence” on X, captioning it “The Golden Age of Super Intelligence.”
The image he shared highlighted a spelling error in the document, which referred to the “United States” as “Unites States” beneath Trump’s signature.
The Golden Age of “Super Intelligence.” https://t.co/woOzB2yEg3pic.twitter.com/IRMeTvNZNA
Trump Unveiled AI Safety Pact
On Tuesday, Trump brought leaders of major AI companies together around a voluntary safety pact that called for independent audits, stronger internal controls and board-level oversight of advanced AI systems.
Trump released the White House Accord on Super Intelligence, also called a “Joint Commitment on Frontier Responsibilities,” after hosting technology executives at the White House.
The agreement was signed by Trump and Alphabet Inc. CEOSundar Pichai, AnthropicCEODario Amodei, Meta Platforms, Inc. CEOMark Zuckerberg, OpenAIPresidentGreg Brockman, Space Exploration Technologies Corp. xAICEO Elon Musk and Nvidia Corp. CEO Jensen Huang.
Trump described the pact as “morally binding” and said companies should take responsibility for policing their own AI development.
Photo Courtesy: Sheila Fitzgerald on .com
Read Next: Think you’re saving enough for your kids?You might be dangerously off — see why
Building Wealth Across More Than Just the Market
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
Arrived
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
Realberry
For accredited investors looking beyond traditional stocks and bonds, Realberry provides access to institutional-quality real estate investments, including a preferred equity opportunity in the 297-room Hyatt Place Boston Seaport. The firm has invested across multiple property types and markets, with 13 million square feet of real estate across seven U.S. states and $481 million in cumulative distributions paid to investors as of Q4 2025.
Skybound Entertainment
Entertainment franchises can become valuable long-term assets when they successfully expand across multiple platforms. Skybound Entertainment, the company behind The Walking Dead and Invincible, develops original intellectual property that spans comics, television, film, video games, merchandise, and licensing. With more than 250 IPs in its portfolio and a strategy focused on retaining franchise rights while scaling successful stories across media, Skybound offers investors exposure to the growing entertainment and creator economy through a private company rather than traditional public market investments.
American PowerGen
As artificial intelligence drives a surge in electricity demand, reliable power generation is becoming a critical part of the technology ecosystem. American PowerGen is developing natural gas-fired power plants in Texas, a fast-growing market fueled by AI data centers, manufacturing expansion, and population growth. By advancing projects through permitting, fuel supply, and grid interconnection, the company is positioning itself to help meet rising energy needs while offering investors exposure to the infrastructure supporting the next wave of AI and industrial growth.
EquityMultiple
For accredited investors looking beyond stocks and bonds,EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.
FarmTogether
Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.
Fundrise
Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estateand credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.
