As White House shields the AI gold rush, Trump family and other allies strike it rich – with few guardrails
Summary
President Donald Trump’s family and friends have received large contracts and loans related to AI and defense technology recently. Meanwhile, President Trump supports the AI industry and opposes new government rules, even as experts warn about AI risks and public concern grows.Key Facts
- Trump’s sons gained $620 million in Pentagon loans and defense contracts linked to AI and robotics.
- Michael Dell, a longtime friend of Trump, won a nearly $9 billion Pentagon contract.
- President Trump posted on social media that AI only needs a smart president to control it, opposing new AI regulations.
- Some government advisors argue that strict AI rules could hurt U.S. competition with China.
- AI experts from top companies Anthropic and OpenAI resigned, warning that AI development is risky and uncontrolled.
- A cybersecurity firm showed AI could quickly create a virus that could hijack over a billion devices, but the main target company fixed the issue before harm occurred.
- U.S. public opinion polls find low support for AI data centers and growing criticism of Trump’s handling of AI issues.
- The House of Representatives voted overwhelmingly to make AI data centers pay for electricity upgrades their operations require.
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