On September 29, President Trump hosted a meeting with major technology executives, including Nvidia CEO Jensen Huang, Elon Musk of xAI and Tesla, OpenAI’s Greg Brockman, and Google CEO Sundar Pichai. The administration introduced a voluntary self-regulation accord for the AI industry, rejecting mandatory government oversight.
President Trump stated that the US will not stifle the growth of AI and proposed rebranding the technology as super intelligence. Treasury Secretary Scott Bessent confirmed that the administration is aligned with Huang’s policy views, which prioritize market-driven safety and American technological dominance.
Huang previously influenced export rule adjustments that permitted the sale of advanced chips, such as the H200, to Chinese buyers. These sales are subject to a 25% reduction in US revenue. The new accord emphasizes innovation speed over regulatory caution, signaling a hands-off approach to industry governance.
The meeting highlighted key themes for investors, including AI hardware, export policies, and regulatory frameworks. While the agreement supports momentum for US tech firms, analysts note that a major safety incident under this self-regulation model could trigger significant political backlash for the involved companies.
