President Trump champions AI development while dismissing regulatory concerns
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President Donald Trump has publicly praised artificial intelligence as a major economic driver and rejected calls for regulation, prompting criticism from some lawmakers and former advisers.
President Donald Trump used social media on Monday to describe artificial intelligence as "the greatest economic development engine in history" and to argue that the United States already has sufficient legal authority to oversee the industry. He dismissed warnings about AI risks as a hoax, stating that the only needed safeguards are a "strong and smart" president and existing criminal and regulatory powers.
Former adviser Steve Bannon, speaking at a conference on AI risks, cautioned that the technology should not receive unrestricted access, while Senator Bernie Sanders criticized the administration for ignoring what he called the "potentially catastrophic consequence" of unregulated AI. Both remarks highlight growing skepticism among some Republicans and Democrats.
Economic data cited by the administration point to AI-related investment accounting for more than a third of U.S. economic growth in the second quarter of 2026, according to a forecast from ING. Trump linked this growth to a broader competition with China, saying the United States is currently leading the rival nation in AI development.
Industry figures with ties to the White House, including tech entrepreneur David Sacks and other prominent CEOs, have expressed varying views on regulation but generally support the president's stance that concerns are overstated. Congressional action on AI oversight appears uncertain, as House Speaker Mike Johnson recently echoed Trump's language and indicated limited willingness to pursue new legislation ahead of the midterm elections.