Tech CEOs call for AI regulation. Trump and Congress are not rushing to act

(Catch all the Technology News News, and Latest News Updates on The Economic Times.) SynopsisPresident Donald Trump is leading the opposition to recent calls by tech leaders seeking greater government oversight, including Anthropic's Dario Amodei, OpenAI's Sam Altman and xAI's Elon Musk.

AgenciesAnthropic CEO Dario Amodei vs OpenAI CEO Sam Altman Net WorthThe technology industry's increasingly urgent warnings about the potential harm of artificial intelligence are slamming into political intransigence in Washington, offering a fresh test of the federal government's willingness and ability to confront what may become a defining issue of the era.

President Donald Trump is leading the opposition to recent calls by tech leaders seeking greater government oversight, including Anthropic's Dario Amodei, OpenAI's Sam Altman and xAI's Elon Musk. The president dismissed efforts to limit the technology on Monday as a "conspiracy." Other leading Republicans including Vice President JD Vance have expressed caution.

House Speaker Mike Johnson has largely deferred to the White House. Democrats, meanwhile, are pressing for a more robust response, convening in private on Tuesday in the House to discuss AI. Sen. Bernie Sanders, I-Vt., is hosting his colleagues for a briefing with experts on Wednesday.

Top candidates on the ballot this year such as Sen. Jon Ossoff of Georgia are pressing for sweeping action in Washington. And former President Barack Obama is encouraging those with White House aspirations to develop a "very clear plan" to address AI concerns.

The contrasting responses illustrate a yawning disconnect emerging between a tech sector warning of AI's existential threats to humanity and a federal government often struggling to accomplish basic functions under the weight of intense partisanship and election-year pressure.

"The signals we're receiving from our political leaders are not representing an understanding of the crisis that I think we are in fact in," said Max Stier, the president and chief executive of the nonpartisan Partnership for Public Service.

"Delay is going to prove very costly." There are notable exceptions to the partisan divide. A Washington AI conference on Tuesday will feature speakers including Sanders and Trump ally Steve Bannon. Sen. Josh Hawley, R-Mo., opened an investigation last week into OpenAI for its artificial intelligence system hacking into another AI company on its own.

Congress and the White House have managed to respond swiftly to past crises and the intensifying AI debate is emerging as a new referendum on whether they can do so again. During Trump's first term, his team worked with Democrats in control of Congress to stabilize the economy as federal agencies worked to produce a vaccine to combat the COVID-19 pandemic.

As the economy teetered on collapse in 2007 and 2008, President George W. Bush's Republican administration teamed with congressional Democrats to inject money into the financial system. But Congress has long been reluctant to regulate the technology industry.

The Biden administration called on lawmakers to develop policies after a 2023 executive order on AI oversight, which Trump rescinded soon after returning to office. As the technology has progressed at a rapid clip, Congress has refrained from imposing rules or funding ways for people to successfully adjust to the potential changes from AI.

A bipartisan working group on artificial intelligence formed by then-Senate Majority Leader Chuck Schumer released a report in 2024 recommending the U.S. spend at least $32 billion over the next three years to develop artificial intelligence and implement safeguards around it.

But there was little follow up. Similarly, a bipartisan bill on internet safety for children has repeatedly stalled. "We never do anything until we have a holy heck moment," said Sen. Mark Warner, a Virginia Democrat and former technology executive.

Lawmakers in both parties agree more guardrails are needed, but even narrow attempts at regulation have fallen apart and a certain skepticism has set in. "Have we gotten election security done?" asked Sen. Rick Scott, R-Fla.

"Did we balance a budget? Oh, did we pass a budget? See, what have we gotten done? So you think we're going to get AI done?" Ossoff cast the AI debate as an example of Washington's inability to tackle anything big.