Trump Champions Free Market Approach to AI at White House Tech Luncheon
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 secured a voluntary AI self-regulation agreement with top tech CEOs, emphasizing innovation and minimal government interference, while proposing a ten-member oversight committee and highlighting the economic benefits of data centers.
President Donald Trump, after hosting a productive White House luncheon with leading technology executives, announced he had signed a 'morally binding' agreement that empowers the artificial intelligence industry to self-regulate. Rather than burdening American innovators with excessive government red tape, Trump suggested forming a ten-person oversight committee, while pointing out that existing law-enforcement agencies already provide sufficient regulatory oversight.
Speaker of the House Mike Johnson praised the agreement as a set of voluntary principles, reaffirming the administration’s commitment to guiding AI development without stifling the free market.
Trump underscored the importance of industry self-policing, stating, 'There’s a belief that there should be tremendous self-regulation, and we automatically have regulation with the Department of Justice, the FBI, all of that. But the self-regulation is very important.' He also lauded the expansion of data centers as 'very positive,' recognizing their role in driving economic growth and technological leadership.
Advanced Micro Devices CEO Lisa Su expressed her enthusiasm for the meeting, noting a shared sense of optimism and responsibility among industry leaders. She remarked, 'At the end of the day, it’s our responsibility to show the power of the technology as well as ensure that it’s very safe.'
Palantir CEO Alex Karp told CNBC that all parties must take responsibility for known AI risks, emphasizing that the public does not want burdensome, separate rules for tech companies and ordinary citizens.
The luncheon brought together the brightest minds in tech, including CEOs from Nvidia (Jensen Huang), Tesla and SpaceX (Elon Musk), Meta (Mark Zuckerberg), Google (Sundar Pichai), Amazon (Jeff Bezos), Microsoft (Satya Nadella), and Anthropic (Dario Amodei). The event also celebrated the launch of a new AI-powered chatbot for government websites, showcasing America’s leadership in technological innovation.