President Trump rejected new federal AI regulations after a White House lunch Tuesday with nearly two dozen tech executives, saying existing laws enforced by the Justice Department and FBI are enough to safeguard Americans from the technology's potential risks. The executives signed a voluntary accord that Trump called 'morally binding' and 'a form of protection.'

Trump said the executives signed 'almost a Constitution, in a way' and that he is seeing 'tremendous self-policing' by AI firms. He said he is thinking about a committee of 10 people to watch over AI, adding that 'if AI models are not used for good, we will nab them.' Meta CEO Mark Zuckerberg said the accord commits major AI firms to robust internal controls, multiple layers of auditing and external audits, with Meta's board reviewing reports from auditors, as they develop superintelligence. House Speaker Mike Johnson, who hosted the lunch with Trump, called the accord 'a statement of standards' that is voluntary on behalf of the industry.

The lunch drew Elon Musk, Nvidia CEO Jensen Huang, Amazon's Jeff Bezos, Microsoft's Satya Nadella, Google's Sundar Pichai, Anthropic's Dario Amodei, OpenAI President Greg Brockman and Palantir's Alex Karp, alongside Vice President JD Vance, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick. Johnson said beforehand that he hoped AI guardrails would be voluntary, rejecting a moratorium because 'we'll lose the race to China.' AI researcher Gary Marcus called the meeting regulatory capture, noting that it was 'always the CEOs, very rarely independent scientists.'