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Microsoft on Monday published a new AI “code of conduct” promising to avoid building products that could evade human oversight, following CEO Satya Nadella’s call on Sunday for the tech industry to “pace” its progress in developing new AI.

The measures follow similar calls for pacing from leaders of Anthropic, OpenAI, xAI, Meta, and other tech companies over the weekend. Microsoft said in its AI code of conduct that it would refrain from building AI models whose behind-the-scenes thinking isn’t clear to humans, a growing concern inside other labs like OpenAI.

“If it isn’t safe we shouldn’t build it,” Microsoft AI CEO Mustafa Suleyman said in an interview. “We’re designing this as a training document showing our intention… and this is the driving force between the humanist AI code of conduct, that people matter more than AI, that we should make safety a priority.“

Microsoft is also open to letting third-party auditors that would examine whether its internal AI development adheres to such a slowdown, a policy proposed by Anthropic CEO Dario Amodei on Saturday, according to someone with knowledge of the company’s position.

Microsoft trains its own AI models that compete with those from Anthropic and OpenAI, although the company’s contract with OpenAI barred it from developing highly advanced AI until the deal was amended late last year. Microsoft has more recently put out AI products that use a combination of its own models, along with those from Anthropic and OpenAI, which it says can achieve just as sophisticated cybersecurity tasks as those from the competing labs.

President Trump on Monday shot down calls by AI leaders to slow down the pace of development. In a series of social media posts, Trump called claims about AI’s risk to humanity a “hoax,” and equated it with other views he’s sharply criticized, such as climate change.

“There is a SICK conspiracy going on against AI and Data Centers, and the only one that is happy about it is China,” he wrote.  He echoed the statements in a call to Nvidia CEO Jensen Huang, who was speaking at a conference held by the hosts of the “All-In” podcast in Los Angeles.

Trump weighed in after Anthropic CEO Dario Amodei on Saturday called on leading AI companies to cool model development in the face of growing risks from the technology. OpenAI, Microsoft and xAI leaders endorsed Amodei’s views. The statements spooked Wall Street Monday. Shares of Nvidia fell 3% and stock in memory maker Micron Technology lost 5%.

OpenAI has bought Glass Imaging, a startup developing higher quality cameras for smartphones, in a deal valued at $300 million, according to the Wall Street Journal.

The startup, founded by ex-Apple employees, was valued at $100 million in a funding round last year. The acquisition could help OpenAI with its device plans. The ChatGPT maker is working on a family of devices with Jony Ive, the ex-Apple designer whose startup was sold to OpenAI last year.

Chinese AI chip designer Shanghai Biren Technology is considering raising around $1 billion through a stock offering, Bloomberg reported on Tuesday, citing people familiar with the situation.

Biren, which develops graphics processing units used to train and run AI models, debuted on the Hong Kong Stock Exchange in January amid a flurry of blockbuster listings in the sector. The company is weighing another fundraise amid Beijing’s push to accelerate the development of domestic chips to reduce China’s reliance on Nvidia.

Biren previously raised about $900 million in a July share sale. Banks are in the early stages of gauging interest from investors for the potential fundraise, Bloomberg reported. The exact size and structure of the share placement have not been finalized.

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