President Donald Trump said the U.S. cannot risk falling behind China and rejected the need for new federal regulations on artificial intelligence after a lunch meeting with top tech executives. He said existing oversight from agencies such as the Department of Justice is adequate. Trump has previously dismissed concerns about AI’s existential risks as a “hoax.”
The White House meeting included leaders from Nvidia, Google, Meta, Microsoft, Anthropic, Palantir and OpenAI. It took place amid a broader debate over how to balance innovation with safety, as some industry leaders have called for stronger government safeguards on the development of advanced AI.