President Donald Trump on Monday all but rejected calls from AI industry leaders for more government regulation on their cutting-edge models, making clear he considers outpacing China a higher priority than addressing growing public concerns.

US president claimed ‘very negative forces’ have been raising concerns about the rapidly developing technology

The US is leading China in the development of AI and ‘frankly, I want to keep it that way because whoever wins AI wins,’ Trump said.

Trump added that the U.S. already has "tremendous CRIMINAL and REGULATORY power over these companies."