President Trump: AI executives ‘want to do the right thing’ for our country

VALLEY BANK IS GOING ON THE OFFENSE. ANNOUNCING A NEW FINTECH ACQUISITION. CAN THAT HELP? BEFORE WE GET TO THAT INTERVIEW, THOUGH, LET'S GO DOWN TO WASHINGTON. BRIAN. I THINK WE HAVE PRESIDENT TRUMP ALONGSIDE THE CEOS OF MAJOR TECHNOLOGY COMPANIES. >> HE ACKNOWLEDGES ARE THE MOST BRILLIANT PEOPLE, THE PEOPLE BEHIND ME AND THE PEOPLE SITTING WITH ME. THESE ARE THE MOST BRILLIANT PEOPLE IN THE WORLD, AND THE JOB THEY'VE DONE IS UNBELIEVABLE. WE HAVE A VERY BIG LEAD AND WE'RE GOING TO KEEP OUR LEAD, AND IT'S A VERY POSITIVE THING. IT'S AN AMAZING INDUSTRY. THERE ARE THOSE THAT SAY IT'S BIGGER THAN THE INDUSTRIAL REVOLUTION. NOW. I DON'T KNOW IF THAT'S SO, BUT EVERYONE SEEMS TO THINK IT IS. AND IT COULD BE SUBSTANTIALLY BIGGER. AND WE'RE LEADING AND WE'RE GOING TO KEEP IT THAT WAY. SO I JUST WANTED TO THANK EVERYBODY YOU RECOGNIZE. I WOULD SAY ALMOST EVERY ONE OF THE PEOPLE SITTING AND STANDING BEHIND ME, I, I JUST THINK IT'S, IT'S AN HONOR TO BE INVOLVED WITH THIS GROUP OF VERY, VERY BRILLIANT PEOPLE. AND I THANK YOU VERY MUCH. THANK YOU. >> MR. PRESIDENT. >> DO YOU EXPECT THERE TO BE ANY BINDING RULES ON SUPERINTELLIGENCE AFTER TODAY'S LUNCH? >> WELL, WE'RE DOING ONE THING. WE'RE GOING TO BE SIGNING A DOCUMENT TODAY AT ABOUT 5:00, RENAMING ARTIFICIAL INTELLIGENCE BECAUSE IT'S NOT ARTIFICIAL. WE ALL AGREE ON THAT. AND WE'RE GOING TO BE RENAMING IT SUPERINTELLIGENCE, OFFICIALLY RENAMING IT. AND THAT WILL COME OUT AT 5:00 TODAY. BUT THERE WAS A LOT OF COMMONALITY IN THIS ROOM. IT WAS PRETTY AMAZING. AND, AND ALL FOR THE GOOD. REALLY AMAZING. >> MR. PRESIDENT, ON COMMONALITY. >> BELIEF. >> OF EVERYBODY. >> THAT YOU'RE MEETING WITH TODAY THAT. NO GUARDRAILS, NO REGULATION OF AI, SUPERINTELLIGENCE, AS YOU CALL IT, IS NECESSARY. >> WELL, THERE'S A BELIEF THAT THERE SHOULD BE TREMENDOUS SELF-REGULATION, AND WE AUTOMATICALLY HAVE REGULATION WITH THE DEPARTMENT OF JUSTICE, THE FBI, ALL OF THAT. BUT THE SELF-REGULATION IS VERY IMPORTANT. THERE'S SOMETHING ELSE THAT WAS DISCUSSED, AND THAT'S LOCAL COMMUNITIES. THIS IS A GROUP THAT LOVES LOCAL COMMUNITIES. THEY LOVE OUR COUNTRY, AND THEY'RE GOING TO WORK WITH LOCAL COMMUNITIES FOR THE DATA CENTERS IN PARTICULAR, AND THEY'RE GOING TO WORK TO MAKE THE COMMUNITY HAPPY. THAT'S MIGHT BE SUPPLYING OIL AND GAS. IT MIGHT BE SUPPLYING EDUCATION. IT MAY BE HELPING TEACHERS ALONG FINANCIALLY, HELPING PEOPLE ALONG FINANCIALLY. AND THEY'VE ALL AGREED THAT THAT'S A VERY POSITIVE. NOBODY REALLY THOUGHT OF IT. AND IT'S A VERY POSITIVE THING. SO YOU'RE GOING TO SEE DATA CENTERS ARE GOING TO BE VERY POPULAR BECAUSE THIS IS THE GROUP AND THEY'RE THE ONES THAT WANT IT. AND THEY'RE ALSO THE ONES THAT WANT TO SEE COMMUNITIES THAT ARE SAFE AND HAPPY, AND THEY'RE GOING TO MAKE COMMUNITIES VERY, VERY HAPPY. OTHERWISE, THEY'LL BE FORCED TO GO OVERSEAS OR OTHER LOCATIONS. BUT EVEN IN AMERICA, THERE ARE SO MANY PEOPLE THAT WANT DATA CENTERS. YOU KNOW, THE AREAS WITH DATA CENTERS HAVE BECOME VERY RICH, PEOPLE HAVE BECOME VERY RICH, THEIR TAXES HAVE GONE DOWN, NOT UP. AND A LOT OF GOOD THINGS HAVE HAPPENED. BUT THESE PEOPLE AND OTHERS HAVING TO DO WITH THE DATA CENTERS THAT YOU'VE BEEN READING SO MUCH ABOUT, I THINK THEY'RE GOING TO DO THINGS FOR THE COMMUNITY THAT WILL BE REALLY FINANCIALLY BENEFICIAL AND OTHERWISE BENEFICIAL. >> MR. PRESIDENT, YOU TALKED ABOUT. >> PLANS TO GO PUBLIC WHILE IT RAISES SAFETY CONCERNS. >> AND DID. >> THE IPO COME UP DURING. >> YOUR DINNER? >> WELL, WE'RE GOING TO BE PUTTING OUT A STATEMENT IN A LITTLE WHILE, SUMMING UP SOME OF THE THINGS THAT WE DID. BUT THERE'S A GREAT IT IS AN UNBELIEVABLE FEELING IN THIS