President Trump Wednesday exalted the business climate in the country at a roundtable gathering of top U.S. tech entrepreneurs at the White House, saying his administration’s policies are “committed to total dominance in technology right now.”
“We’re leading artificial intelligence by a lot, and you look at what’s going up, and we’re writing rules, regulations, we want to keep it at the federal government level, so it’s simple for the company,” Mr. Trump said.
The president said, “I spoke to some of the senators today, and I think we’re committed to do that. We want to make it as simple as possible, because you’re competing with some very big sources, and we want to stay number one by a lot.”
The president talked about how his administration’s policies have led the U.S. to lead the world in building new data centers and new semiconductor and chip manufacturing facilities to carry volumes of Artificial Intelligence.
Additionally, Mr. Trump noted the different forms of energy he has ordered to be unleashed, including natural gas, oil, coal and nuclear that would provide power for many of these AI data centers requiring a voluminous amount of energy.
The president thanked the business leaders who have invested billions of dollars already into AI data centers across the country, including Michael Dell, president and CEO of Dell computers. According to Mr. Trump, more than $18 trillion has been invested in the initiative.
As of late this year, there are more than 3,000 Dell “AI Factories” running for customers, a number Mr. Dell expects to grow to millions in the near future.
“We have a good hand right now, Joe Biden secured much less than a trillion dollars of new investments in four years. And in 10 months, we secured more than $18 trillion, so 18 times the amount in ten months, what they did in four years, and they would have gone negative,” Mr. Trump said.
Mr. Trump lauded other business leaders in attendance including Cristiano Amon, president and CEO of Qualcomm; Antonio Neri, president and CEO of Hewlett Packard Enterprises; Enrique Lores, president and CEO of HP Inc., and Arvind Krishna, chairman and CEO of IBM.
“America is once again a country where innovators get a green light. You have the greatest innovators in the world at this table and representing a lot of their friends who are competitors and friends, but we’re really on a big move to get rid of red tape so they can run their businesses and not have to wait ten years for approval,” Mr. Trump said.
The president has placed an emphasis on the economy in recent months as he and the GOP head into the midterms next year to defend the Republican Party’s slim majority in the House. Mr. Trump is touting his economic agenda around the country and launched his messaging campaign in Pennsylvania on Tuesday night.
His business leader roundtable came immediately after the Federal Reserve cut interest rates by 0.25%, its third successive cut, as hiring woes overtake inflation fears as the central bank’s main concern.
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The decision moved monetary policy in Mr. Trump’s preferred direction, but it was not aggressive enough for the White House, which is seeking bold action from the central bank.
• Kerry Picket can be reached at kpicket@washingtontimes.com.
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