By Sara Dorn
Publication Date: 2026-05-22 14:13:00
Topline
President Donald Trump reportedly withdrew a new artificial intelligence regulation planned for Thursday at the last minute under pressure from industry leaders, including billionaires Elon Musk and Mark Zuckerberg, as well as former White House AI and crypto czar David Sacks.
SpaceX CEO Elon Musk follows US President Donald Trump on the red carpet upon arrival at Beijing Capital International Airport for Trump’s meeting with President Xi Jinping in Beijing on May 13, 2026 in Beijing, China. (Photo by Alex Wong/Getty Images)
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Important facts
Sacks told Trump the new protocols set out in the executive order could slow the rollout of new AI products, give China an advantage and be manipulated by future administrations that may want more controls on the industry, the Washington Post reported, citing an unnamed senior administration official.
Musk and Zuckerberg also spoke directly to Trump and expressed concerns that the order could have a negative impact on the US economy,…
