U.S. President Donald Trump revealed on Wednesday that he had considered breaking up NVIDIA Corporation (NASDAQ: NVDA) to enhance competition in the artificial intelligence sector but ultimately decided against it due to the complexity of such a move. Speaking at a White House AI summit, Trump praised Nvidia CEO Jensen Huang, emphasizing the company’s crucial role in AI innovation.
The president outlined a sweeping 90-point plan to create a federal regulatory framework for AI, signaling a departure from former President Joe Biden’s restrictive approach. Key elements include loosening environmental rules, encouraging AI exports to allied nations, and establishing uniform federal oversight to override state-level regulations. Trump stressed that the United States must lead globally in AI and dismissed concerns about copyright infringement in AI training, which remains a major legal battle involving companies like OpenAI.
As part of the summit, Trump signed three executive orders to accelerate AI industry growth. These measures include allowing federally owned land to be used for AI data centers, promoting the export of U.S. AI hardware and software, and prohibiting the federal government from using AI systems deemed politically biased. Trump criticized diversity, equity, and inclusion (DEI) policies, calling them an “existential threat” to reliable AI.
The initiatives aim to strengthen U.S. dominance in artificial intelligence amid rising competition from China and other global players. The policy shift is expected to boost Nvidia’s market influence while spurring broader AI development and international cooperation in the rapidly expanding tech sector.