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Ladies and gentlemen, the 45th and 47th president of the United States, Donald J. Trump. And I'm proud to be an American where at least stand over and
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free. And I won't forget the men who died, who gave that life to me. And I gladly stand up next to you. And it hurts still today.
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Cuz there ain't no doubt I love this land. God bless the USA. [Music] Thank you very much everybody.
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What a great song that is. But we'll we'll cut it a little short because we have some business to discuss. And what
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a group of smart ones we have in front of me today. That's about as good as the comes up here. The brain power. The
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greatest power of them all. The brain power. Well, I'm thrilled to be here with so many tech leaders and luminaries
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as we take historic action to reassert the future which belongs to America, always has belonged to America. We just lost sight of it on occasion.
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And I just want to start by stating that we've just concluded our big trade deal
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with Japan and numerous other countries. In addition, as you know, but on the Japan deal, because it was literally just signed, letter was just
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signed, it gives us a sort of signing bonus or bring it into sports talk. A signing bonus like you have signing bonuses, too. I understand getting a lot of money. 100 million. That's not bad.
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But that's not as good as the signing bonus we got. We got a $550 billion signing bonus for the country.
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We had the tariff at 25%, as you know, we had a tariff at 25%. And this was uh these are great people that we negotiated with. But we agreed
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to reduce it to 15 based on the fact that Japan has agreed for the first time ever to open up its country to trade so that all of our American businesses and
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business geniuses, including many in this room, can go out and do business openly and freely in Japan, a very rich and prosperous and profitable and
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wonderful country. frankly and we will pay a zero tariff as we do business in Japan. So we're paying zero, they're
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paying 15, we're getting 550 billion dollars and to be exact, it's 90% of that, but we control the whole lot of it. And uh it's really been great
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and they're very happy. And their stock market went up and our stock market went up and that's supposed to be the way it
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is. Ours went way up and theirs went up. and we've made numerous other deals like that. Uh but the opening up of a country
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is very important to us. We have numerous countries that uh have opened their doors. Uh just made some incredible uh transactions, but we're
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going to have a very very simple tariff for some of the countries have so many countries you can't negotiate deals with
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everyone. So have a straight simple tariff of anywhere between 15 and 50%, a couple of we have 15 because we haven't been getting along with those countries too well. So we just say let's pay 50
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and uh that's the way it is. But you remember we get countries that were closed, always closed. Everyone in this room would never remember any of them to be open. We we've offered such a deal to
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the European Union where we're in serious negotiations and if they agree to open up the union to American businesses then we will let them pay a
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lower tariff. So the tariff is uh very important but the opening of a country I think can be more important if our businesses do the job that they're supposed to be doing. Such openings are
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worthy of many points in tariffs and they're a good thing not only for as an example Japan or Europe but certainly a great thing for America because it allows our businesses to go out and
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fairly compete and do really well if they compete properly like the people that I know. Everyone in this room practically I know has competed very successfully. I haven't seen any. And I
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know the I know the losers just like I know the winners. I tell you I don't see any of the losers here.
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But now if some of the countries that pay 25% or more on autos complain, remember that Japan was willing to pay upfront the $550 billion for that
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privilege of negotiating with the United States of America. We also made a deal yesterday with the Philippines and Indonesia which in both cases will be opening up their country and we're in
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the process of completing our deal with China and as you know the UK we made a deal. It was a very good deal for everybody. Everybody's happy. It's always nice when everybody can be happy,
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but mostly we'll be charging straight tariffs to most of the rest of the world because we have over 200 countries. People don't realize it's a lot of
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that's a lot of deals. Even if you're like me, a deal junkie, that's a lot of deals. That would be too much for
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anybody. How did we do with this country that I never heard of? We got a lot of We got a lot of deals cooking, but uh America is taking in
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hundreds of billions of dollars like it never has before. Uh investments into our country at the highest point ever in history. And we've just really been opened up for business for three of
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the six months. Uh the first couple of months we got ourselves all set. done a great job with our military as you know. You saw that two weeks ago when you saw the way those incredible B2s flew into
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Iran and took out an entire nuclear potential deadly force. But I want to thank uh some of the incredible people that I see before me,
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including uh White House AI ZAR David Saxs. He's been great. for organizing this very important summit and especially for putting it in DC where it's a little bit easier. I
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don't know if it's easy for you but it's a hell of a lot easier for me along with his colleagues at the All-In
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podcast which is very good. I did that podcast a year and a half ago and I said this is something it was pretty new pretty raw. Uh everybody I knew saw that
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podcast. I said wow he's got something pretty good. Who is that guy? He's a smart guy, by the way. I think if I ever get in, which at the time people were
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saying I had a shot, not as good a shot as it turned out, we won in numbers that
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nobody believes. We won every swing state. We won by millions and millions of votes, winning the popular vote. We
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won with the uh districts, as they would call them, uh 2,750 to 505. And that's why the map is almost completely red except for a couple of
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little blue areas on each side of it. But it was a a great experience frankly for me and hopefully it's a great
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experience and been a great experience for our country because they're saying we had the greatest six months that a
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president has ever had. The opening six months and I'm not even sure maybe six months. I'm not sure it's the opening
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but let's call it the opening six months. It sounds a little bit nicer. I want to also uh say hello and thank to
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Jamath and his wonderful wife Nat. Thank you very much for being here. Thank you very much. It was great seeing you
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again. Great couple. David Friedberg and uh even as we know Jason Calacanist. I say even thank you Jason.
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Thank you Jason. I appreciate that. Yeah, he's good person. Thanks as well to the Hill and Valley Forum and our
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future under secretary of state, Jacob Hellberg. Good. Good. Stand up, Jason. Good. I met him a year and a half ago and I
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was very impressed. I said, "Let's bring him in. We bring in a lot of smart people and David's been unbelievable as
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the job he's doing along with secretaries Doug Bergam who's been incredible. Doug, thank you.
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Thank you, Doug. Great job. He's uh he's producing lowcost energy. We're down to
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$64. I want to get it down a little bit further if we can. And I don't know if the oil companies love that or not, but
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we want to have very inexpensive electricity so that you can power up the plants cuz you need more electricity than any human beings ever in the history of the world. When I heard what
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you really need, I said, "You got to be kidding. Double what we produce right now for everything, right? I don't know.
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You're going to Jensen, you're going to have to explain that to me someday. Why they need so damn much? Couldn't you do
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with a little bit less?" My father always always used to say, "Turn off the lights, son."
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But you guys are turning up the lights. I want to thank Howard Lutnik for doing a terrific job. He was involved in the big deal that we just completed with
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Japan. Howard, wherever you are, Howard, where is Howard? Hi, Howard. Great job you did. Appreciate it. Really, that was
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an interesting negotiation, wasn't it? These are tough people. These are good negotiators, I will tell you, Japan, but
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they love their country and they do what's right for their country. I want to thank Chris Wright, if Chris is around, Chris is here because he's
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helping with uh the uh tremendous energy success that we're having. We're having
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tremendous energy success. We're the biggest We have more energy than anybody else in the world. Nobody knew that
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until I came along, but we have more energy than anybody else in the world. We're making incredible deals on energy,
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including deals in Alaska while we uh sort of that's the mother lode. That's the big one. And we're making deals with various Asian countries that need it.
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And it's actually hard to believe you don't think of it, but Asia is very close to Alaska, relatively speaking.
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It's not the closest, but it is pretty much the closest when it comes to oil and gas and energy. And we're making
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some incredible deals. And I want to thank Chris. Chris's fantastic works in partnership really with this gentleman
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who's the head of uh all of you've got the land and he's got the energy right but you really they formed a great
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partnership Doug so uh that's one of the greatest partnerships I've seen in a long time they work hand in hand and they have done a great job administrators uh Kelly Laughler I think is here Kelly
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thank you very much hi Kelly thank Kelly and probably the most important important man in the room, and I say it in all sincerity, more important than Doug and Chris and all
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that energy they're producing. He's a man that produces fast permits on the environmental impact statements. He gets them done. I said, Lee, you have
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one week, one week for nuclear and you have a couple of days for oil and gas, okay, for the approvals. And we kid, but you know, he really is. He's knocking them out fast. He's knocked out a lot. A
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lot of you guys have started your plants already and you've already had your approvals. So, where is Lee Zeldon? Is he here? He is so great. This guy,
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he is so great. That's why he has a slightly better seat than I gave to Doug. You see,
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now he's doing a fantastic job in a lot of ways, but he's doing a great job and he's getting fast permits and safe and
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good and everything else, but he's moving them along rapidly. already given some and you know one of the most
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exciting things we'll talk about in a second is the fact that you're going to build your own electric producing plants
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when you build whatever you're building and it could be it's different things including automobile factories which are
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going up all over the place. You'll see them starting soon where they're moving into our country because of the tariffs
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because they don't want to pay the tariffs. are moving into our country at a record a record speed. But the ability
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to build your own electric plant, not having to rely on a 100year plus old grid, and then if you have electric capacity extra, you're going to sell it
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into the grid, make some money, but you'll sell it right back into the grid. Director of the Office of Science and
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Technology Policy, Michael Katzios. Michael, thank you very much. Thank you, Michael. As well, it's supposed to be taking a vote right now. Big vote. Senator Ted
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Cruz. Is Senator Cruz here? Oh, look at my senator. Why aren't you voting? I think we lost David McCormack who's voting. So, why aren't is David here? Because you're supposed to be voting,
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Ted. I don't know. I'll tell you what, this man works hard. Ted works hard and he works good. And a
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very special thanks to some of the top industry leaders uh here, including somebody that's amazing. I said, 'Look,
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we'll break this guy up. This is before I learned the facts of life. I said, "We'll break them up." They said, "No,
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sir. It's very hard." I said, "Why?" I said, "What percentages of the market does he have?" I said, "Sir, he has
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100%." I said, "Who the hell is he? What's his name?" His name is Jensen Wong. Nvidia.
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I said, "What the hell is Nvidia? I've never heard of it before." He said, "You don't want to know about it, sir." I
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figured we could go in and we could sort of break them up a little bit, get them a little competition. And I found out
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it's not easy in that business. I said, "Supposing we put the greatest minds together. They work hand in hand for a
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couple of years." He said, "No, it would take at least 10 years to catch him if he ran Nvidia totally incompetently from
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now on." So I said, "All right, let's go on to the next one." And then I got to know Jensen and now I
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see why Jensen, will you stand up? What a job. What a job you've done, man. Great. It's a great He's a great guy, too. Lisa Sue of AMD. Lisa,
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Lisa, thank you. Congratulations. Great job. Sham Sakar of Palunteer. We buy a lot of things from Palunteer. Where are you?
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Are we paying our bills? I think so. We just uh made a deal with the European Union where uh they're going to pay the United States of America 100% of the
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cost of all military equipment. They're going to ship it to the European Union and then they'll distribute it and much
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of it will go to Ukraine. Uh it's been a long time since you've heard those words because we're in for
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$350 billion dollars. But now we send it to Europe and Europe pays and uh they were they were great. We had a tremendous NATO meeting a few weeks ago and it was uh pretty amazing actually
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what happened. They've agreed to go from 2% to 5% and they had 2% where they didn't pay. They have 5% where they've already paid. That's a big difference. That's trillions of dollars actually.
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Trillions. but they're going to spend uh that money in the United States with our defense companies and we're going to
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send it to them and they'll distribute the equipment that we send. So that's the way it should have been uh three
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years ago, frankly. And Jeff Spreer, the other half of that incredible family. Is
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he here? Is he here? He's a fantastic guy. International intercontinental exchange and he's been a friend of mine for a long time. the husband of Kelly who's really doing a good job. You are
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really doing a good job and small business which is actually big business if you add it all up, right? It's
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probably the biggest bank there is and but they call it small business and she's done a fantastic job. Thanks,
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Kell. Say hello to Jeff. As we gather this afternoon, we're still in the earliest days of one of the most
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important technological revolutions in the history of the world. Around the globe, everyone is talking about artificial intelligence. I find that too artificial. I'm I can't stand it. I
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don't even like the name, you know. I don't like anything that's artificial. So, could we straighten that out, please? We should change the name. I
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actually mean that. I don't like the name artificial anything because it's not artificial. It's genius. It's pure
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genius and its potential to transform every type of human endeavor and domain of human knowledge from medicine to manufacturing to warfare and national defense. Whether we like it or not,
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we're suddenly engaged in a fast-paced competition to build and define this groundbreaking technology that will
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determine so much about the future of civilization itself because of the genius and creativity of Silicon Valley. And it is incredible,
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incredible genius. Without question, the most brilliant place anywhere on earth. America is the country that started the
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AI race. And as president of the United States, I'm here today to declare that America is going to win it. Going to work hard. We're going to win it
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because we will not allow any foreign nation to beat us. Our children will not live on a planet controlled by the algorithms of the adversaries advancing
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values and interests contrary to our own. We don't want to have contrary interests. We want to get along and
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we'll get along with other countries. We're having a great relationship, as I told you, with those countries that we
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mentioned with Japan and Indonesia and so many others. The uh European Union, we're getting
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along. We're getting along very well with China. a lot of respect for President Xi. We have a great
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relationship and we'll see how it all works out. But we're getting along with uh countries very it's really been pretty amazing. I will say that and it's a good thing. It's a good thing, not a
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bad thing. So from this day forward, it'll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence. Such
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an important thing happening. This is really something that nobody expected. It just popped out of the popped out of
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the air and here we are. But we will defend our nation, our values, our future, and our freedom. And it will be
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really great. But we what we really need to be successful is a very simple phrase
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called common sense. And that begins with a common sense application of artificial and intellectual property
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rules. It's so important. You can't be expected to have a successful AI program when every single article, book, or anything else that you've read or studied, you're supposed to pay for.
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Gee, I read a book. I'm supposed to pay somebody. And you know, we we appreciate that, but you just can't do it because
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it's not doable. And if you're going to try and do that, you're not going to have a successful program. I think most
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of the people in the room know what I mean. When a person reads a book or an article, you've gained great knowledge.
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That does not mean that you're violating copyright laws or have to make deals with every content provider.
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And uh that's a big thing that you're working on right now. I know. But you just can't do it. China's not doing it.
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And if you're going to be beating China and right now we're leading China very substantially in AI, very very
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substantially. And nobody's seen the the amount of work that's going to be bursting upon the scene. But you have to
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be able to play by the same set of rules. So when you have something when you read something and when it goes into this vast intelligence uh machine we'll
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call it uh you cannot expect to every time every single time say oh let's pay this one that much let's pay this one. Just doesn't work that way. Of course, you can't copy or plagiarize an article,
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but if you read an article and learn from it, we have to allow AI to use that pool of knowledge without going through
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the complexity of contract negotiations, of which there would be thousands for every time we use AI. We also have to have a single federal standard, not 50
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different states regulating this industry of the future. And some people would say, gee, that's an unpopular
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thing to say. I was told before I got up here, this is an unpopular thing because some people, they don't want that. But I
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want you to be successful. And you can't have one state holding you up. You can't
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have three or four states holding you up. You can't have a state with standards that are so high that it's
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going to hold you up. You have to have a federal rule and regulation. And hopefully you'll have the right guy in
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this position that's going to that's going to supplant the states. If you are operating under 50 different sets of state laws, the most restrictive
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state of all will be the one that rules. So you could have a state run by a crazy
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governor, a governor that hates you, a governor that's not smart, or maybe a governor that's very smart, but decides
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that he doesn't like the industry and he can put you out of business because you're going to have to go to that
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lowest common denominator. We need one common sense federal standard that supersedes all states, supersedes everybody so you don't end up in litigation with 43 states at one time.
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You got to go litigation free. That's the only way. And we also have to watch Europe, Asia, and all foreign countries
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so that they don't make rules and regulations that likewise make it impossible for you to do business and
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where you'd have to make everything in AI cater to them because again, you'd have to cater to the toughest country or
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to the toughest state. You can't do that because it would ruin it. I just terminated all of the, as an example,
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California car emissions rules, which were a disaster. A disaster cost them million. It cost them just billions of dollars as an industry, but thousands of
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dollars per car. The emission rule standard because they were making the production of an automobile almost
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impossible and at a tremendously higher cost, much more expensive than it should
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cost for very little gain for actually in my opinion negative gain. The automobile was worse under this
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administration. Our innovation will be unmatched and our capabilities will be unrivaled. And with the help of many of the people in this room, America's ultimate triumph will be absolutely
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unstoppable. We will be unstoppable as a nation. Again, we're way ahead and we want to stay that way. We can't let
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individual smaller units stop it because that's the only thing that can stop it and can really mess it up. As with any
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such breakthrough, this technology brings the potential for bad as well as for good, for peril as well as for
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progress. But the daunting power of AI is the really it's uh not going to be a reason for retreat from this new frontier. On the contrary, it is the
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more reason we must ensure it is pioneered first and best. We have to have the best the first pioneer. We are the best and the first pioneers and we're going to be really putting a
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nation that we love, America. We're going to be putting it first. I have an expression, America first. Make America
00:25:09
great again. A lot of great expressions, but they're all so true. We're going to make America great again. We're going to
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make this industry absolutely the top because right now it's it's a beautiful baby that's born. We have to grow that baby and let that baby thrive. We can't
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stop it. We can't stop it with politics. We can't stop it with foolish rules and
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even stupid rules. At the same time, we want to have rules. But they have to be smart. They have to be brilliant. They have to be more brilliant than even the technology itself. Surely there will be
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challenges on the path ahead. But together, we will meet them and transcend them all. We are Americans and
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we are Americans first. A couple of people I know that don't happen to be from here, but I wish you a lot of luck.
00:25:57
Anyway, I was looking at three people that are not Americans, but they're very good
00:26:03
people. Ple, please treat them nicely. But we do not shrink from the future or cower in the face of uncertainty. We dominate the future. We conquer new frontiers and we control our own fate.
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And we determine by doing that our own destiny. Winning this competition will be a test of our capacities unlike anything since the dawn of the space
00:26:26
age. I believe that it's hard to believe as a uh as the president the amount of enthusiasm for this one industry. I mean I can talk about cars where we're doing
00:26:38
incredibly well. We have car companies moving in all the time. But I talk about other industries is everybody's saying
00:26:45
this is going to dominate the world, going to dominate every industry that ever conceived. I don't know if that's
00:26:51
true. I don't know if it's true, but I can tell you that a lot of very brilliant people think it is true. It'll dominate everything. It will challenge us to marshall all of our strength and
00:27:02
flex the muscles of American ingenuity and resolve like probably never before. It will require us to blast through obsolete systems, cut through thicket of
00:27:14
regulation. We got to get rid of some of the regulation, but we want good regulation and rebuild the industrial
00:27:20
bedrock of our country. And perhaps most importantly, winning the AI race will demand a new spirit of patriotism and national loyalty in Silicon Valley and
00:27:32
long beyond Silicon Valley. For too long, much of our tech industry pursued a radical globalism that left
00:27:47
millions of Americans feeling distrustful and betrayed. And you know that. Everybody knows that. Everybody in
00:27:53
this room certainly does. Many of our largest tech companies have reaped the blessings of American freedom while
00:28:01
building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All
00:28:08
the while dismissing and even censoring their fellow citizens right here at home. Under President Trump, those days
00:28:15
are over. We need US technology companies to be allin for America. We want you to put America first. You have to do that. That's all we ask. That's all we ask
00:28:29
to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI action
00:28:36
plan. Big stuff. Signing it right after this. In fact, I see it sitting right there. Maybe I should just sign it right now. Who the hell has to make the rest of this speech, right?
00:28:48
But here are the pillars of the strategy. First, my administration will use every tool at our disposal to ensure
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that the United States can build and maintain the largest, most powerful, and most advanced AI infrastructure anywhere
00:29:03
on the planet. America needs new data centers, new semiconductor and chip manufacturing facilities, new power plants and transmission lines, and under
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my leadership, we're going to get that job done. and it's going to be done with certainty and with environmental
00:29:20
protection and all of the things that we have to do to get it done properly. Virtually all of these large capital
00:29:27
investments can be and should be made by the private sector and they want to do that. They just want to be able to do
00:29:33
it. But for that reason, America must once again be a country where innovators are rewarded with a green light, not
00:29:40
strangled with red tape so they can't move, so they can't breathe. And that's not going to happen. And you're going to
00:29:46
see things that you've never seen in this country before so often. And I've been watching for many years. I've
00:29:52
watched regulation. I've been a victim of regulation. A zone change that takes six years for a building in Manhattan or
00:29:59
whatever. But I was good at zone changes. But it took a long time. By the time you got to zoning, the market
00:30:05
changed. You didn't want to build the building. You say, "Well, but in some cases, that made you lucky, didn't it?" Huh? In some not too many people
00:30:12
understand that in this room but in some cases waiting for that approval as the market collapsed was a good thing not a
00:30:18
bad thing but it's time to reclaim our heritage as a nation of builders and that's why upon taking office I signed a historic executive order directing that
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every one and this is so important for every new regulation 10 old regulations must be immediately eliminated. So, we have old regulations
00:30:42
that clog up the books that don't even mean anything anymore. You know, in my first term, uh, I had more regulation
00:30:49
cuts than any president in history times four. And that included two-term presidents where you're talking about eight years. We had more than any other president. And I think we may even top
00:31:02
it this year. we may very well be able to top it during this period of time because you're really uh you are a
00:31:09
regulationprone group and we're looking to get those regulations out of your way
00:31:14
so you can use your genius. Earlier this month, we also enacted the largest tax cuts in American history when I signed
00:31:21
the one big beautiful bill into law. And I I think the most important thing in the whole tax cut in terms of pure
00:31:36
economics and I think one of the reasons that my first you know we had the most successful economy in history during my
00:31:41
first term and I think this is going to blow it away. So far it is and I think this is going to blow it away. But the
00:31:48
reason we had was I had expensing at 100%. And what we did is we included 100% in
00:31:56
this bill expensing for all capital expenditures including investments in factories and equipment and structure.
00:32:02
Structure wasn't included last time. So even structure and you're able to write it all off immediately. That's the
00:32:08
biggest thing. Not 38 years, not 42 years, you're able to write it all off immediately. And this time we've made it
00:32:15
for 10 years, not for one year. We've made it for 10 years. So you have a much longer period. But I'd say get out and
00:32:23
take advantage of it. I think that's one of the reasons that we had such an incredible uh success with the first tax cuts. And
00:32:31
one of the things that this bill does is it extends the first tax cuts and uh makes them permanent. And in addition to that, we were granted other taxes like
00:32:42
no tax on tips, no tax on social security, no tax on overtime. Uh a lot of great things. One of the things that I mentioned, not so pertinent here, but if you're in the automobile business, it's pertinent. I said, why is it that
00:32:56
people like us always are looking for expenses and deductions and people that uh buy automobiles that really have to go out and borrow money to buy a car, why aren't they allowed to deduct the
00:33:08
interest on their loan to buy a car from their income tax? And we got it approved. We got it approved. And that is such a big thing. And I think that's going to be such a big thing for the automobile industry. We're going to be
00:33:20
making more cars within a few years. We're going to be making more cars than we made in the very beginning in the
00:33:26
super prime. You know, we lost almost 50% of our automobile business to Mexico, Canada, and various other places as you know, in Europe and in Asia. And
00:33:38
now we're getting it back. We're getting it back in record numbers. And I think we're going to be topping any amount in
00:33:43
a few years. will be making more automobiles than we've ever made in the history of our country, including what I
00:33:49
call prime time. My administration is also pursuing a future of allout American energy dominance. And on day one, I terminated the Green New Scam. You know what that was? You were all
00:34:01
victims to it. Perhaps the second or third greatest scam in the history of our country. I would say the first was Russia, Russia, Russia. And we had a couple of others, too. But the Green New
00:34:14
scam was one of the greatest. Uh it's it's so ridiculous what they've what they've made you do. The carbon footprint. They talked about the carbon footprint. And then Obama hops onto a
00:34:26
747 Air Force One and flies to Hawaii to play a round of golf and comes back. What about the carbon footprint? No, we didn't uh we didn't like that. And what Biden has done is uh is absolutely
00:34:39
terrible. He made it impossible, almost impossible for people to do business. Not even talking about the border where
00:34:45
millions and millions of people flowed into our country. Many from prisons, from jails, from gangs, from mental
00:34:52
institutions all over the world. No, we're not doing that. We have to get them out. We got 11,888
00:34:59
murderers. Many of them committed more than one murder. Many of them, more than 50% committed more murders. We're
00:35:06
getting them out of our country. door. In some cases, they're so bad, we're not getting them out. We're having to lock
00:35:11
them up because we don't want them ever to come back, no matter how good we're doing. You know, last month, you
00:35:16
probably read, we had zero people enter our country illegally. And over the last number of years, you'd have hundreds of
00:35:27
thousands, literally hundreds of thousands of people a week pour into our country, totally unvetted and unchecked.
00:35:34
And uh what the hell were they thinking? What they've done to our country is so sad and we can never forget it. But
00:35:41
we're unleashing all forms of energy including natural gas, oil, and clean, beautiful coal. I instructed my people in the form of Chris and Doug in particular. You are not allowed to say
00:35:54
the word coal without saying clean, beautiful in front of it. You can only say clean, beautiful coal. It's a little
00:36:00
embarrassing because we had somebody making a speech the other day, right? And he mentioned the word coal about 30
00:36:05
times because that was the subject and he kept going clean, beautiful. I wanted to say, "Okay, just take it easy. You
00:36:10
could just got a little bit crazy, right, Doug?" But uh it's uh you know, China's using it. They're building now 57 big power plants all fueled by coal.
00:36:23
And uh we have to compete. We have to win. And we're going to have clean, beautiful coal. But we have more coal
00:36:29
than any we have more anything in terms of energy than anybody, oil and gas. We also have more coal. In May, I also
00:36:36
signed an executive order to rapidly begin construction of safe, reliable nuclear reactors. That's a big thing
00:36:42
now. And many of you will many of you are going to be using nuclear. You know, I had uh problems with nuclear. I saw some of the things, but what they've done
00:36:55
with nuclear is like what you've done with AI and other things. It's incredible actually. It's uh long-term.
00:37:02
It's inexpensive. It's in It's just It's safe. What they've done is really amazing. So, we opened up the industry. Very strict rules, but we opened up the industry. And some of you are going to
00:37:14
choose nuclear over oil and gas or whatever it might be. Under the last year of Biden, China added 11 times as
00:37:21
much power generation capacity as did the United States. Can you imagine that? 11 times. Under the Trump administration, we will be saying those
00:37:32
very famous campaign words, drill, baby, drill, and build, baby, build, and we will be adding at least as much electric
00:37:40
capacity as China. We think we're going to catch them and maybe even uh have something a little bit extra. They're going very rapidly, but so are we. And we'll be doing at least as much. And
00:37:52
every company will be given the right to build their own power plant. So when you build, you can build your power plant
00:37:57
with it and you are essentially going to become your own utility. It's a utility to yourselves. And as I said, any excess
00:38:05
energy you're going to sell back to the grid and make plenty of money doing it as a result of these pro-American
00:38:11
policies. Since my election, we're seeing trillions and trillions of dollars in new investments. So at this
00:38:18
moment, we have almost 17 trillion dollars coming into this country. There's never been a period of time like that. And that's in a period of a few months.
00:38:29
In a few months, Meta, Amazon, Google, Microsoft are all investing $320 billion dollars or more in data centers and AI infrastructure this year. Those companies are really uh they're really
00:38:44
going at it and they're it's very smart people, very good people. I got to know a lot of them. You know, I didn't like
00:38:49
them so much the first term when I was running. I I wouldn't say I was thrilled with them, but I've gotten to know them
00:38:56
and like them, and I think they got to like me, but I think they got to like my policies maybe much more than me. Nvidia
00:39:03
has committed $500 billion over the next four years. Thank you, Jensen. I'm sure
00:39:08
that'll be a good investment. If you're doing it, it's good. Thank you very much. It's a great It's a great statement. Last week I was in Pennsylvania's 20 companies announced
00:39:19
$92 billion with David McCormack, Senator, great guy from Pennsylvania. $92 billion in energy and data center projects, including what will soon be
00:39:29
the largest natural gas power plant anywhere in North America. They're going to town. It's already under
00:39:35
construction. Largest in North America by far. For decades, we had leaders who spent their time focused on building up foreign nations. Under the Trump administration, we are going to have
00:39:47
leaders who are going to build up our nation. This colossal investment in AI infrastructure and many other industries for that matter such as automobiles and so many other things will also create
00:40:00
thousands and thousands of great paying jobs. the kind of jobs we want, including lots of blue collar jobs. And
00:40:08
you know, our numbers are very good right now, but will you see these numbers in two years from now? It will
00:40:14
mean higher wages and more opportunity for millions of energy workers, HVAC technicians, engineers, electricians, and the hardworking citizens who make our country run. These are great people
00:40:26
that make our country actually run. To ensure America maintains the worldclass infrastructure we need to win, today I will sign a sweeping executive order to fasttrack federal permitting, streamline
00:40:39
reviews, and do everything possible to expedite construction of all major AI infrastructure projects. And this will be done uh you will get so good a
00:40:50
service in so many ways, not only from Lee with the environment, but you need many other types of permits. and you're
00:40:55
going to go so fast you're going to say well wait a minute this is too fast I didn't expect to go this quickly this is
00:41:00
a problem I may cause a problem in opposite but including factories data centers and power plants of all kinds
00:41:07
the United States will have total industrial and technological supremacy the second pillar of our action plan for AI dominance is to get the entire world running on the backbone of American
00:41:20
technology and I think that's very much happening right now and I think it's going to happen. The last administration
00:41:27
was obsessed with imposing restrictions on AI, including extreme restrictions on
00:41:32
its exports. As you know, they made it very difficult to export. This alienated American partners and drove even our friends into the arms of China and other countries. That's why upon taking
00:41:45
office, I repealed the so-called Biden diffusion rule. Can you imagine that? that crippled American AI exports. The Biden diffusion rule. I wonder who came
00:41:57
up with that name because he does has no idea what it is. He had no idea what it was. He came up with a rule. I wonder
00:42:03
who drew that one. I wonder was that signed by the autopen. I think because they went to him and said, "We're going
00:42:09
to do a diffusion rule, Mr. President." What? What? It's okay. The autopen will take care of it. It's one of the greatest scandals in the history of our country. Let me tell you, under my administration, we will maintain
00:42:21
necessary protections for our national security, but we will never forget that the greatest threat of all is to forfeit the race and force our partners into
00:42:32
rival technology. We're not going to do that. We're not going to do that. Not going to let that happen. That could be the end. When I traveled to the Middle East in
00:42:46
May, every leader I met was thrilled to do business with American tech firms and
00:42:51
with America. And they were all thrilled to meet me, believe it or not. It's hard to believe, isn't it? But they were. By
00:42:57
the way, most powerful woman in the world is here today. Susie Wild, stand up, please. Susie Wild,
00:43:05
chief of staff. She can take out a country with a mere phone call. No, they just voted her the
00:43:13
most powerful woman anywhere in the world. She might be the most powerful person in the world, I think. But she's
00:43:18
done a fant. Hasn't she done a good job, though? Huh? Good. But, uh, we're going to come home with trillions and trillions of dollars in deals and that's the way it is. But the
00:43:32
king of Saudi Arabia, I met three great leaders. I went to three countries predominantly. King of Saudi Arabia said
00:43:39
and I can say that Qatar and UAE the leaders brilliant guys great people they said the same thing. They said you know what that one year ago your country was dead. It was a dead country. They were
00:43:53
looking at China. They were looking at other places but you had a dead country. And today Mr. President you have the
00:43:59
hottest country anywhere in the world. They said that and they meant it so strongly.
00:44:07
And when I went to NATO two weeks ago where we made the deal where they pay 5% instead of 2%, they uh said the same
00:44:14
exact thing. They said, "Boy, I tell you what a difference it is. It's a year ago you you people were dead. We didn't
00:44:20
think you were going to make it as a country. Today you're the hottest country in the world." They all said it.
00:44:25
All those leaders said 30 of them. So today, I'm signing another major executive order that will turn America
00:44:33
into an AI export powerhouse. Under this order, Secretary Lutnik and Secretary Marco Rubio, Marco Rubio's
00:44:45
doing a great job as Secretary of State, will work to rapidly expand American AI
00:44:51
exports of all kinds, from chips to software to data storage of all kinds. And that's very important. That's going to give you the freedom to do what you want to do. And third, once and for all,
00:45:02
we are getting rid of woke. Is that okay? Because I know you had to hire under you had to hire all woke people. I
00:45:09
heard you had to hire all woke people under some of these things. How about the chips where they give you the chip
00:45:14
the chip nonsense where they give you billions of dollars if you only build a chip company? These people have plenty
00:45:21
of money. They don't need the money. They need the permits. They need the rights to do it. They need the They don't want to pay tariffs. So they come
00:45:27
and they build here. That's why they're coming here. They like number one, they like me, but they like but they like not
00:45:33
having to pay tariffs even more. And they're coming. But Biden gave billions of dollars to companies that have
00:45:39
nothing but cash. And they don't say where to build. It's just give them money. But here's the problem. They have
00:45:45
to hire lots of woke people. And they say woke isn't for this particular industry. We've noticed that they're not for a lot of industries. if you want to know the truth. So, the
00:45:57
guidelines were impossible. They're going to give you money, but you got to hire this and this and this and that.
00:46:03
And uh I don't want to get into it too much because I don't want any controversy today, but you have to hire
00:46:10
a lot of people that were not into this particular world that you're in. And so therefore, all the money they gave
00:46:15
didn't mean a damn thing. One of Biden's worst executive orders established toxic
00:46:21
diversity, equity, and inclusion ideology as a guiding principle of American AI development. So, you
00:46:28
immediately knew that was the end of your development. But the American people do not want woke Marxist lunacy
00:46:35
in the AI models, and neither do other countries. They don't want it. They don't want anything to do with it.
00:46:40
That's why on day one I very proudly terminated Joe Biden's order on woke AI effective immediately. You don't have any of those crazy rules. Crazy rule.
00:46:52
And in just a moment, I will be signing an order banning the federal government from procuring AI technology that has
00:46:59
been infused with partisan bias or ideological agendas such as critical race theory, which is ridiculous. And
00:47:06
from now on, the US government will deal only with AI that pursues truth, fairness, and strict impartiality. We're not going to go through the craziness that we've gone through for the last
00:47:18
four years. And then we skip four and then you go back and it started then, but it hung around a little while. Now it's not hanging around at all. Now it's actually very uncool. As somebody told
00:47:30
me the other day, it's so uncool to be woke. I encourage all American companies to join us in rejecting poisonous Marxism in our technology. It'll be very
00:47:40
interesting to see what's happening in New York because they're actually thinking about electing a communist in
00:47:45
New York. They like to call him a socialist. He's not a socialist. He's a communist. But don't worry, you're going to be okay. Still has to get his money
00:47:52
from the White House and that's not going to happen until he shapes up. But as an example, we are not going to allow men to play in women's sports.
00:48:05
That's just an example. That's one. And they say that's that's an 8020 number. They say 80% would be against
00:48:16
it. No, it's not 8020. It's about 973. And I don't know who the three are. I've never seen anybody I've never had a person I've see everybody. I'm a very open person. They come up to me and they
00:48:28
talk to me. I've never had anybody come up, sir, you have to let men play in women's sports. I've never had it. I
00:48:34
deal with hundreds of thousands of people. Every time I talk to somebody, nobody's ever They talk about AI. They
00:48:41
talk about everything, but they've never said, "You got to allow This is ridiculous. Men should be allowed to
00:48:46
play in women's sports." It's uh it's sort of crazy, isn't it? Huh? You have to see. Did you see the
00:48:52
race? It was a race, a long distance marathon. one of those all day deals. And we had one of the great female
00:48:59
runners and we had one of the great male runners. And at the end of the day, he won the race by
00:49:05
5 hours and 14 seconds. They waited around for the really good athlete, female. It's very demeaning to women. I want to tell you that. But they waited. Her parents were waiting for
00:49:17
hours. Somebody said, "Why don't you go back to the hotel and sleep for a few hours and come back and meet your
00:49:22
daughter?" This is what they do. You got to see the weightlifting records. Are they the best of all? Woman lifted 212
00:49:29
pounds. It was a world record. It held for 18 years. And now a man who transitioned came up and looked at the bar. How much
00:49:39
is it? 212 lbs. Oh, let me try it. Bing bong. I think he broke the record by 109bs. It's going to be a long time. It's going to be a long time before a woman catches
00:49:53
that. And these are great athletes and great people and it's demeaning. And who the hell wants this? We we're off of
00:50:00
that whole standard because I just tell you those as examples were off of it. The reason the last administration was
00:50:06
so eager to regulate and restrict AI was so they could limit this technology to just a few large companies, allowing them to centralize it, censor it, control it, weaponize it, and they would
00:50:19
weaponize a very dishonest group of people. You probably saw that because we caught them in the act. We really caught
00:50:25
them. We had them before, but now we really have them. We have it where it counts. But this is the exact opposite
00:50:31
of my approach. The unique strength of the American tech industry has always come from its startups and small tech.
00:50:38
It comes through small. Jensen was small. Will you have a small? I think so. When you started in your bedroom, I
00:50:44
think you were small, right? He started as very small and now he's really become
00:50:49
very amazing. If you regulate them too much, you kill the source of American genius and technological power. I believe that Joe Biden had a plan to
00:51:00
lose the AI race. I think he wanted to lose it cuz his plan would never have worked. It would have never been
00:51:05
successful and you would have spent a lot of money and you wouldn't have been able to win. They didn't allow you to win. But we have a plan which only
00:51:13
admires and respects the winners. Every citizen should take incredible pride in the inspiring feats of American innovators who are pushing the bounds of human knowledge and achievement. The
00:51:26
people of Open AI, Google, Meta, and countless startups are proving once again that America is impossible. You are just impossible to beat. You're not
00:51:39
going to be beaten. We're not going to let that happen when you do your best, when you work your hardest, and when
00:51:44
you're allowed to be free of horrible, foolish regulation. And you're going to have regulation, but it's going to be
00:51:50
sensible, smart regulation. There's nobody who's going to beat you. As we push even further into this exciting
00:51:57
frontier, let us never forget that all of this prosperity and progress has come from the culture of freedom and hard work, merit, ambition, and risktaking
00:52:08
passed down from one generation of Americans to the next. Silicon Valley rose to wealth, fame, and glory by exemplifying these values. And it will win this race not by rejecting them, but
00:52:20
by embracing them like they have never been embraced before. We must put America first. This is a nation that invented the light bulb, the telegraph,
00:52:32
the television, the telephone, the computer chip, the smartphone, the GPS, the integrated circuit, and even the internet. Basically, we invented
00:52:43
everything. What is left? We invented everything and now it's AI. We invented everything. Wait, does anyone have anything else to say?
00:52:57
And now we're going to take it to a new level. But Americans were the first to fly a plane, first to harness the atom,
00:53:04
and first to plant our flag on the moon. We mastered the industrial age. We created the digital age, and now we are leading the world into the golden age.
00:53:15
Indeed, the golden age of America. With your help, that golden age will be built
00:53:20
by American workers. It will be powered by American energy. It will be run on American technology, improved by American artificial intelligence. And it will make America richer, stronger,
00:53:33
greater, freer, and more powerful than ever before. And I will now do my share by going and signing a name without an auto pen. I will sign it If we had one, I wouldn't use it anyway,
00:53:48
but we will sign it auto pen free and we will say Donald J. Trump, God bless America, and God bless you and good luck because the race has just begun and you're going to win it. Thank you very
00:53:59
much everybody. Thank you. Yes, sir. Mr. President, Mr. President, the first a uh the first
00:54:23
executive order that we've prepared for your signature uh today relates to uh federal permitting for data center infrastructure. As you mentioned during your speech, this is a crucial issue
00:54:34
affecting the entire AI industry. What this executive order will do is establish fasttrack permitting um and
00:54:42
ensure that the federal government is working to get data centers uh approved and through the permitting pipeline as
00:54:48
quickly as possible. Okay, as you said before, sir, it's absolutely essential uh that American AI models and American the American AI industry uh
00:55:23
dominates the future of this industry around the world. What this next executive order will do uh is is promote
00:55:30
uh through various instrumentalities of the federal government uh the export abroad of American AI models to ensure
00:55:37
American AI dominance in the future. Great. Okay. And lastly, sir, as you said in your speech, we don't want woke AI. We want AI models based on accurate information
00:56:11
that give accurate information and accurate answers. This executive order will ensure that when the federal
00:56:16
government uh procures or promotes different AI models uh that those AI models are uh ideologically neutral that
00:56:24
they don't embrace wokeism and critical race theory and all of these terrible theories that have done so much damage
00:56:29
to our country. [Applause] Thank you very much. Thank you. Thank you. Thank you very much everybody. Good luck. Good luck.
00:57:01
Thank you. [Applause] [Music]