Trump Pushes AI for Corporate Profits, Ignores Calls for Regulation
Select a version of the text written from a presumed ideological perspective. This is not the original text, but a hypothetical version — how someone with that viewpoint might have phrased it. Tapping the current version again will return to the original or select cleaned version.
President Donald Trump has lauded artificial intelligence as a driver for capitalist growth while dismissing urgent calls for regulation, drawing criticism from progressive lawmakers and former advisers concerned about unchecked corporate power.
On Monday, President Donald Trump took to social media to hail artificial intelligence as 'the greatest economic development engine in history,' prioritizing profit over public safety and workers’ rights. He argued that the United States already has enough legal authority to oversee the industry, blatantly disregarding mounting evidence of AI’s risks to jobs, privacy, and democracy. Trump dismissed warnings about AI as a 'hoax,' insisting that only a 'strong and smart' president and existing criminal and regulatory powers are needed—an alarming abdication of responsibility in the face of transformative technology.
Former adviser Steve Bannon, speaking at a conference on AI risks, warned against giving tech giants unrestricted access to AI, while Senator Bernie Sanders condemned the administration for ignoring the 'potentially catastrophic consequence' of unregulated AI. Their remarks underscore the growing bipartisan concern about the unchecked influence of Big Tech and the Trump administration’s refusal to act.
The administration points to economic data showing AI-related investment accounting for more than a third of U.S. economic growth in the second quarter of 2026, according to ING. Trump framed this as part of a competition with China, stoking nationalist rhetoric rather than addressing the real threats AI poses to workers and marginalized communities.
Industry insiders with close ties to the White House, such as tech entrepreneur David Sacks and other CEOs, have offered tepid support for regulation but largely echo Trump’s dismissive stance, prioritizing profit over people. Congressional action remains stalled, as House Speaker Mike Johnson parroted Trump’s language and signaled little interest in meaningful oversight ahead of the midterm elections, leaving the public vulnerable to the unchecked ambitions of Silicon Valley and the Trump administration.