The U.S. possesses all components across the full AI stack, including advanced semiconductor design, frontier algorithms, and of course, transformational applications.

Now the computing power this stack requires is integral to advancing AI technology, and to safeguard America's advantage, the Trump administration will ensure that the most powerful AI systems are built in the U.S. with American-designed and manufactured chips.

To make people more productive, it is not going to be easy.

And let me be emphatic about this point.

America wants to partner with all of you, and we want to embark on the AI revolution before us with the spirit of openness and collaboration.

But, to create that kind of trust, we need international regulatory regimes that fosters the creation of AI technology rather than strangles it.

And we need our European friends in particular to look to this new frontier with optimism rather than trepidation.

Many of our most productive tech companies are forced to deal with the EU's Digital Services Act and the massive regulations it created about taking down content and policing so-called misinformation.

And of course, we want to ensure the Internet is a safe place, but it is one thing to prevent a predator from preying on a child on the Internet, and it is something quite different to prevent a grown man or woman from accessing an opinion that the government thinks is misinformation.

Meanwhile, for smaller firms, navigating the GDPR means paying endless legal compliance costs or otherwise risking massive fines. ... who work with their hands, even as robotics will change our factories.

We believe that excessive regulation of the AI sector could kill a transformative industry just as it's taking off, and we'll make every effort to encourage pro-growth AI policies.

And I like to see that deregulatory flavor making its way into a lot of the conversations this conference.

Now this administration will not be the one to snuff out.

We feel very strongly that AI must remain free from ideological bias, and that American AI will not be co-opted into a tool for authoritarian censorship. ... marketplace of ideas.

Now we've also watched as hostile foreign adversaries have weaponized AI software to rewrite history, surveil users, and censor speech.

This is hardly new, of course.

As they do with other tech, some authoritarian regimes have stolen and used AI to strengthen their military, intelligence, and surveillance capabilities, capture foreign data, and create I want to be clear.

This administration will block such efforts full stop.

We will safeguard American AI and chip technologies from theft and misuse, work with our allies and partners to strengthen and extend these protections, and close pathways to adversaries attaining AI capabilities that threaten all of our people.

Now our administration, the Trump administration, believes that AI will have countless...

We will always center American workers in our AI policy.

We refuse to view AI as a purely disruptive technology that will inevitably automate away our labor force.

We believe, and we will fight for policies that ensure, that AI is going to make our workers more productive, and we expect that they will reap the rewards with higher wages, better benefits, and safer and more prosperous communities.

From law to medicine, manufacturing, the most immediate applications of AI almost all involve supplementing, not replacing, the work being done by Americans.

Exactly the same.

Thank you and God bless you all.