President Trump said Tuesday that top AI executives agreed to voluntary standards aimed at increasing industry oversight.
Why it matters: The agreement puts AI companies at the center of policing their own technology as pressure grows for stronger safeguards.
Driving the news: Trump and Speaker Mike Johnson announced Tuesday afternoon that several AI titans signed a voluntary agreement outlining standards for reviewing AI systems.
- "This is a statement of principles ... a statement of standards, commitments that are voluntary on behalf of the industry. It sets forth expectations," Johnson told reporters.
- "That's important because you need people to be providing oversight and transparency, and that's what these leaders are going to do."
Trump added that the accord is "morally binding."
- "If something goes wrong, their companies are at stake ... They're really going to be policing each other."
Zoom in: Mark Zuckerberg outlined some of the steps participating companies expect to take, including internal risk reviews and outside audits.
- He said the leaders drafted a list of principles that include reviewing internal controls and detecting issues with the technology, which could include multiple layers of auditing controls.
- He said there will be internal risk review and external auditors to examine the technology.
The big picture: The agreement's scope and enforcement remain unclear because full details have not yet been released.
- When asked for comment Tuesday, the White House told Axios: "Turn on TRUTH notifications," a reference to the president's Truth Social account.
What's next: More details on how the voluntary standards will work are still expected after Tuesday's meeting between AI executives and Washington officials.
- An AI czar is also expected to be selected over the next three or four days. Trump wants to check in with Johnson and Majority Leader John Thune about the selection.
This is a breaking news story and will be updated.
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