The CEOs of Meta, Nvidia, and SpaceX reportedly spoke with the President of the United States recently in a successful attempt at stalling an AI regulatory plan proposed by the former CEO of Google DeepMind.
Silicon Valley still has quite a bit of influence two years into the second Trump administration, according to
a new Wall Street Journal report—though there are now visible cracks in what once seemed like a unified front.
According to the report, the venture capitalist (and former Trump AI and crypto czar) David Sacks, Meta CEO Mark Zuckerberg, Nvidia CEO Jensen Huang, and SpaceX’s Elon Musk—all in the “light touch” regulatory camp for AI—recently petitioned Trump not to place too many hurdles in the way of industry progress.
They particularly objected to a Demis Hassabis proposal to establish an industry-funded regulator, according to the report. That plan, shared in July and
modeled after the brokerage watchdog FINRA, was endorsed by Microsoft AI chief Mustafa Suleyman—who, it must be said, co-founded DeepMind with Hassabis and Shane Legg—and called “thoughtful” by both OpenAI CEO Sam Altman and SpaceX’s Elon Musk, who rarely agree on anything.
But as calls for a coordinated AI slowdown mount, concerns are evidently building among some of those clear-eyed capitalists that the White House may opt to meddle more than they’d like.
Cue the lobbying. So far, it’s working: Trump started this week lambasting AI guardrails and the possibility of a purposeful slowdown, proclaiming that the industry needs only a “strong and smart president” to stay on track—a bit of whiplash from a president who just three months prior
issued an executive order establishing a voluntary 30-day pre-release review process for frontier AI models.
Which way will the AI wind blow next? Stay tuned: Trump expects to host several top AI execs at the White House next week for a state dinner with Chinese president Xi Jinping.
—AN