The agreement, signed by CEOs of Alphabet, Microsoft and Meta, sets out principles for responsible AI, ranging from data transparency to bias mitigation.
Trump called the document "almost like a Constitution" and said it gives the country a new form of protection, telling reporters after the meeting.
The pact follows Trump’s remarks at the UN General Assembly, where he rejected any globalist AI‑control plan, insisting the U.S. should set its own rules.
Industry leaders welcomed the move. Sundar Pichai called it "a step toward global trust," while Satya Nadella described it as "a framework for accountability".
The administration plans to form a ten‑member oversight panel, drawing members from federal agencies and private‑sector experts to review AI projects before they launch.
Alex, a software engineer in Seattle working on autonomous vehicles, said the new oversight could give developers clearer guidelines and reduce uncertainty in the industry.