Here’s the real reason President Trump invited all those AI moguls to lunch this week | Latest Tech News
It’s not clear what, if something, will consequence from this week’s AI bro lunch hosted by the White House, but it’s clear as day why President Trump determined to host it in the first place: politics.
Specifically, we’re speaking about the GOP’s so-far foundering efforts to forestall a midterm wipeout, On The Money has realized.
Our Wall Street sources are maintaining a close eye on what comes out of the sit-down, which featured the likes of Elon Musk, Jeff Bezos, Mark Zuckerberg, Nvidia’s Jensen Huang, Google CEO Sundar Pichai, Satya Nadella of Microsoft and latest AI worrywarts including Anthropic’s Dario Amodei and OpenAI’s Greg Brockman (filling in for Sam Altman).
It’s not clear what, if something, will consequence from this week’s AI bro lunch hosted by the White House, but it’s clear as day why President Trump determined to host it in the first place: politics. Jack Forbes / NY Post Design
Good factor the level-headed tech investor David Sacks, the famed VC who just lately stepped down as the White House AI Czar, was in attendance. He was there presumably to remind people that calls for a slowdown of AI research do no one any good besides for the doomsayer firms, which have a head start in adopting the technology, and our opponents in the AI race, Communist China.
Sacks has favored transferring ahead with AI research and development because it’s a recreation changer for the economic system, creating large productiveness features while selling advances in health and science. It’s also a national security asset we don’t need to cede to our enemies. For its AI advances, China stays about a yr behind the US, I’m told, and the feeling inside Team Trump is that now just isn’t the time to allow them to play catch up.
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That said, the president is aware of a lot is on the line as House Speaker Mike Johnson has been sounding the AI alarm bells as they relate to the GOP’s possibilities in the 2026 midterms, according to Wall Street sources
AI’s development of infrastructure and its productiveness features have been vivid spots in the Trump economic system. It has these days helped blue collar jobs grow and made inflation decrease than it might be amid the Iran battle and Trump’s tariffs.
Trump with tech leaders on Tuesday at the White House. The feeling inside Team Trump is that now just isn’t the time to let China play catch up. AFP via Getty Images
But the advantages have been distributed inconsistently, as Johnson is discovering out. GOP voters or those leaning to vote GOP are growing weary of not having the ability to afford stuff like gasoline, which accounts for the celebration’s awful midterm polling. They also hate discovering eyesore data facilities in their backyards, sucking up vitality, water and making noise. AI, as a consequence, has been a wedge issue that Dems have used to dampen GOP midterm prospects.
That’s why Johnson pushed the Trump people for the assembly: To determine if the GOP can thread the needle creating some kind of regulatory framework without over-regulation to kill the golden goose. My Wall Street sources say Johnson is pushing one thing close to the Sacks model of self regulation, with a layer of authorities oversight on the backend.
The advantages of AI have been distributed inconsistently, as House Speaker Johnson (center) is discovering out. GOP voters or those leaning to vote GOP are growing weary of not having the ability to afford stuff like gasoline. Tierney L. Cross/POOL via CNP/INSTARimages.com
It could be comparable to what goes on in the securities industry, where the big companies and banks are monitored largely by a self regulator identified as FINRA, which solutions to the White House via the Securities and Exchange Commission.
As we all know Wall Street regulation is much from excellent and abuses abound, but the different is moribund capital markets that can’t facilitate the seed money needed for a vibrant economic system and game-changing technology like AI.
Reps for the White House, Johnson’s workplace and Anthropic had no instant remark.
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