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Ladies and gentlemen, the 45th and 47th president of the United States, Donald
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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
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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.
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God bless the USA.
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[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,
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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,
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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
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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
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signing bonus for the country.
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We had the tariff at 25%, as you know, we had a tariff at
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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,
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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
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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
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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
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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?
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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
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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
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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
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deadly force.
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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.
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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,
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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
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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.
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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?
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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.
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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million. It cost them just billions of dollars as an industry, but thousands of
00:23:43
dollars per car. The emission rule standard because they were making the production of an automobile almost
00:23:50
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
00:24:04
administration. Our innovation will be unmatched and our capabilities will be
00:24:09
unrivaled. And with the help of many of the people in this room, America's ultimate triumph will be absolutely
00:24:16
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
00:24:30
such breakthrough, this technology brings the potential for bad as well as for good, for peril as well as for
00:24:38
progress. But the daunting power of AI is the really it's uh not going to be a
00:24:44
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
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have the best the first pioneer. We are the best and the first pioneers and we're going to be really putting a
00:25:03
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
00:25:16
make this industry absolutely the top because right now it's it's a beautiful
00:25:21
baby that's born. We have to grow that baby and let that baby thrive. We can't
00:25:28
stop it. We can't stop it with politics. We can't stop it with foolish rules and
00:25:33
even stupid rules. At the same time, we want to have rules. But they have to be
00:25:39
smart. They have to be brilliant. They have to be more brilliant than even the technology itself. Surely there will be
00:25:45
challenges on the path ahead. But together, we will meet them and transcend them all. We are Americans and
00:25:52
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
00:26:08
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
00:26:21
be a test of our capacities unlike anything since the dawn of the space
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age. I believe that it's hard to believe as a uh as the president the amount of
00:26:33
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
00:26:56
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.
00:27:08
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
00:27:26
demand a new spirit of patriotism and national loyalty in Silicon Valley and
00:27:32
long beyond Silicon Valley.
00:27:41
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
00:28:21
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
00:28:41
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
00:28:55
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
00:29:08
manufacturing facilities, new power plants and transmission lines, and under
00:29:14
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
00:30:24
that's why upon taking office I signed a historic executive order directing that
00:30:29
every one and this is so important for every new regulation 10 old regulations
00:30:36
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
00:30:56
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.
00:31:28
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
00:32:36
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
00:32:48
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
00:33:02
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
00:33:14
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
00:33:32
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
00:33:55
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
00:34:06
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
00:34:19
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.
00:34:31
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
00:35:22
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,
00:35:47
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,
00:36:17
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
00:36:49
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
00:37:08
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?
00:37:26
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
00:37:45
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.
00:38:23
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
00:38:37
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
00:39:13
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.
00:39:24
$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
00:39:41
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
00:39:53
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
00:40:20
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
00:40:32
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
00:40:44
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
00:41:13
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
00:41:38
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?
00:41:52
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
00:42:14
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
00:42:27
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.
00:42:40
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.
00:43:25
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
00:43:46
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.
00:44:40
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.
00:44:56
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
00:45:51
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
00:46:46
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,
00:47:11
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,
00:47:24
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
00:47:35
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.
00:47:59
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.
00:48:10
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
00:48:21
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
00:49:11
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
00:49:34
transitioned came up and looked at the bar. How much
00:49:39
is it? 212 lbs. Oh, let me try it. Bing bong.
00:49:46
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
00:50:12
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
00:50:54
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
00:51:19
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
00:51:32
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
00:52:02
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
00:52:13
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
00:52:26
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,
00:52:38
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.
00:52:51
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
00:53:09
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
00:53:26
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
00:53:40
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
00:53:53
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.
00:54:08
Thank you.
00:54:18
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
00:54:29
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.
00:55:06
Okay,
00:55:16
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.
00:55:55
Okay.
00:56:04
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]
00:56:42
Thank you very much. Thank you.
00:56:56
Thank you. Thank you very much everybody. Good luck. Good luck.
00:57:01
Thank you. [Applause]
00:57:08
[Music]
