President Donald Trump, speaking in the Oval Office at the White House on Thursday, revealed he has delayed signing a planned executive order meant to enhance security for artificial intelligence. Photo by Al Drago/UPI | License Photo

May 21 (UPI) -- President Donald Trump announced Thursday he has postponed the implementation of a planned executive order on artificial intelligence which would give the government the power to review new AI models before they are rolled out.

Speaking to reporters at the White House, Trump said the decision to hold off on the order was based on concerns about U.S. competitiveness with China in the crucial technological race.

"I didn't like certain aspects of it, I postponed it," he said. "I think it gets in the way of, you know, we're leading China, we're leading everybody, and I don't want to do anything that's going to get in the way of that lead."

The president asserted the United States has "a very substantial standard on AI, it's causing -- it's causing tremendous good, and it's also bringing in a lot of jobs, tremendous numbers of jobs."