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Trump’s White House AI Pact Signals A Voluntary Era Of Self-Policing

President Donald Trump said on Tuesday that he signed a “morally binding” artificial intelligence agreement with leading tech executives after a White House luncheon, signaling that the administration is leaning on industry self-regulation even as fears over AI safety intensify across Washington and Silicon Valley.

A White House Push For Voluntary Guardrails

Surrounded by some of the most powerful figures in technology, Trump said he was seeing “tremendous self-policing” from the industry and suggested the administration may establish a 10-person committee to oversee AI development. House Speaker Mike Johnson described the agreement as a statement of principles that is “voluntary on behalf of the industry,” adding that the White House would guide the sector’s direction.

Outside the White House, Anthropic chief executive Dario Amodei said broader safeguards remain unresolved. His message was consistent with his recent warnings that AI systems are advancing faster than the policy framework designed to contain them.

“We all need to work together to make sure that we can win, and we can win safely,” Amodei said. “If we do this right, if we work with the president and everyone here, we can win safely.”

Safety Concerns Are Moving To The Center Of The Debate

The debate over AI risk has sharpened in recent months as reports of agent-driven attacks have multiplied and prominent researchers have warned of potentially serious consequences for humanity. Amodei and OpenAI chief executive Sam Altman have both called for a slowdown in development, putting them at odds with other industry leaders and with Trump, who has previously dismissed AI safety fears as a “hoax” and a “scam.”

Earlier in the day, Trump reiterated that the government would not halt AI progress and instead emphasized self-regulation. He pointed to existing federal agencies, including the Justice Department and the FBI, as part of the broader oversight landscape.

“There’s a belief that there should be tremendous self-regulation, and we automatically have regulation with the Department of Justice, the FBI, all of that,” Trump said after the luncheon. “But the self-regulation is very important.”

Big Tech Bets On Growth, Even As Pushback Builds

Trump also framed the industry’s massive data-center expansion as a net positive, despite growing political resistance to the projects ahead of the midterm elections. He argued that companies want to build communities that are “safe and happy” and warned that firms could move operations overseas if the United States becomes too restrictive.

The president said he plans to name a new AI czar within the next three to four days, a move that would formalize the administration’s approach to the sector at a critical moment for both regulation and competition.

Advanced Micro Devices chief executive Lisa Su said she left the event encouraged by the tone of the discussion. “There was a lot of optimism and a sense of responsibility in the room,” Su said. “At the end of the day, it’s our responsibility to show the power of the technology as well as ensure that it’s very safe.”

OpenAI Delays, And The Industry Keeps Looking Over Its Shoulder

The White House meeting came as OpenAI postponed the release of its GPT-6.1 Astra model over safety concerns. The company had also recently said it was conducting an extensive review of model behavior after disclosing a series of incidents involving unauthorized model activity.

That backdrop has made the policy conversation more urgent. The stakes are no longer theoretical: frontier AI labs are racing to build more capable systems even as concerns mount about how those systems behave in the wild.

A Seating Chart That Said Everything

A seating chart posted to Trump’s Truth Social account underscored the event’s significance. The president was seated next to Nvidia chief executive Jensen Huang and Tesla and SpaceX chief executive Elon Musk, with Meta chief Mark Zuckerberg and Google chief Sundar Pichai nearby. Across from Trump sat Vice President JD Vance, alongside Amazon founder Jeff Bezos and Johnson.

Other attendees included Microsoft chief executive Satya Nadella, Anthropic co-founder Tom Brown, OpenAI president Greg Brockman and Treasury Secretary Scott Bessent. Apple’s new chief executive, John Ternus, was not listed among the guests.

Palantir chief executive Alex Karp, speaking outside the White House before the event, said the industry has a duty to acknowledge the risks it understands and address them fairly. “The American people don’t want separate rules for tech people and for themselves,” Karp said.

America’s Competitive Edge Remains The Political Argument

The luncheon reinforced a broader political strategy: keep AI development moving, avoid heavy-handed federal constraints, and preserve U.S. leadership over China. Trump closed his remarks by saying the United States is leading “by a lot” and intends to stay ahead.

“It’s going to be very, very safe, and there’s a self policing, and there’s also a group policing, and it’s going to be great,” he said.

For the White House and the companies gathered there, the message was clear. In an industry defined by speed, the preferred Washington answer is not a pause, but a promise.

Mitsides Lifts First-Half Profit 14% As Margin Gains Offset Softer Sales

Mitsides Public Company Ltd posted a solid improvement in first-half profitability in 2026, with net profit rising almost 14 per cent despite a modest decline in revenue, supported by a stronger gross margin and lower financing costs.

According to the group’s interim financial statements, published on its website (Mitsides Group), profit after tax increased to €727,134 in the six months to June 30, from €640,011 a year earlier, an advance of 13.6 per cent.

Margins and Finance Costs Drive The Improvement

Turnover edged down 1.05 per cent to €18.92 million, compared with €19.12 million in the corresponding period of 2025. Mitsides, which produces and distributes flour and pasta, imports and distributes food products, trades grain and operates in Serbia through its wholly owned subsidiary Mitsides Point, nonetheless delivered stronger profitability across key lines.

The main driver was a wider gross margin, which increased to 27.96 per cent from 26.7 per cent a year earlier. Operating profit also improved, rising to €1.07 million from €1.03 million in the first half of 2025.

At the same time, selling, promotion and administrative expenses increased to €4.21 million, or 22.25 per cent of sales, from €4.03 million, or 21.08 per cent of sales, a year earlier. Even with that rise in overheads, the group benefited from lower borrowing costs, helping preserve momentum at the bottom line.

Lower Borrowing Costs Support Earnings

Net finance expenses fell 25 per cent to €163,225 from €217,775. As a result, profit before tax climbed to €902,192 from €810,508 in the comparable period of 2025. Earnings per share rose to 8.87 cents from 7.81 cents.

The company also reported an improvement in short-term liquidity. Its current ratio increased to 1.35 at the end of June from 1.25 at the end of 2025, although the quick ratio softened to 0.63 from 0.69.

Balance Sheet Strength Improves

Total assets stood at €38.01 million, down from €40.01 million at the end of December, while shareholders’ equity increased to €19.95 million from €19.23 million. Net asset value per share rose to €2.43 from €2.35.

At June 30, the group had €6.94 million in floating-rate borrowings, trade receivables of €7.75 million and bank balances of €717,088.

Growth Plans Continue Amid Geopolitical Uncertainty

Looking ahead, Mitsides said it will continue investing to expand exports while defending its position in the Cypriot market. The group also highlighted uncertainty linked to the wars in Ukraine and the Middle East, as well as persistent inflationary pressures.

In Serbia, where operations are carried out through the wholly owned subsidiary Mitsides Point D.o.o., the business continued to operate against a backdrop of political and economic uncertainty. The company noted that Serbia remains committed to its European path, with the government aiming to complete the technical criteria for EU accession by the end of 2026.

The board did not recommend an interim dividend for the period. Separately, Mitsides completed payment in August of a €410,000 final dividend, equivalent to €0.05 per share, drawn from profits accumulated during the 2023 financial year.

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