Trump says US has "tremendous CRIMINAL and REGULATORY power" over AI companies

President Donald Trump announced Saturday on Truth Social that he would create an “AI Force” and soon appoint an AI czar, as his administration faces growing pressure to regulate artificial intelligence. He minimized worries about the technology while acknowledging possible dangers, saying violations could be pursued through existing legal and enforcement means. Trump argued that further regulation is not needed and that the U.S. must not impede the sector’s expansion, citing competition with China, a position proponents of stricter safeguards contest. The announcement precedes a scheduled Thursday meeting with Chinese President Xi Jinping. Treasury Secretary Scott Bessent is also set to meet Chinese Vice Premier He Lifeng in New York on Sunday to discuss AI security, commerce and broader economic topics, according to an insider.