Ryan Reynolds (18:28)
Let's listen up here. The brain power. The greatest power of them all. The brain power. Well, I'm thrilled to be here with so many tech leaders and Luminaries as we take historic action to reassert the future which belongs to America, always has belonged to America. We just lost sight of it on occasion. And I just want to start by stating that we've just concluded our big trade deal with Japan and numerous other countries in addition, as you know. But on the Japan deal, because it was literally just signed. Letter was just signed. It gives us a sort of signing bonus. I'll bring it into Sports talk. A signing bonus. Like you have signing bonuses, too, I understand. Getting a lot of money. 100 million. That's not bad. But that's not as good as the signing bonus we got. We got a $550 billion signing bonus for the country. We had the tariff at 25%, as you know. We had a tariff at 25%. And this was. These are great people that we negotiated with. But we agreed to reduce it to 15 based on the fact that Japan has agreed for the first time ever to open up its country to trade so that all of our American businesses and business geniuses, including many in this room, can go out and do business openly and freely in Japan, a very rich and prosperous and profitable and wonderful country, frankly. And we will pay a zero tariff as we do business in Japan. So we're paying zero. They're paying 15. We're getting $550 billion, and to be exact, it's 90% of that. But we control the whole lot of it. And it's really been great. And they're very happy. And their stock market went up and our stock market went up. And that's supposed to be the way it is. Ours went way up and this went up. And we've made numerous other deals like that. But the opening up of a country is very important to us. We have numerous countries that have opened their doors, just made some incredible transactions. But we're going to have a very, very simple tariff for some of the countries. Have so many countries, you can't negotiate deals with everyone. So we'll have a straight simple tariff of anywhere between 15 and 50%. A couple of. We have 15 because we haven't been getting along with those countries too well. So we just say, let's pay 50, and that's the way it is. But remember, we get countries that were closed, always closed. Everyone in this room would never remember any of them to be open. We. We've offered such a deal to the European Union, where we're in serious negotiations. And if they agree to open up the union to American businesses, then we will let them pay a lower Tariff. So the tariff is very important. But the opening of a country, I think, can be more important if our businesses do the job that they're supposed to be doing. Such openings are worthy of many points in tariffs. And they're a good thing not only for, as an example, Japan or Europe, but certainly a great thing for America because it allows our businesses to go out and fairly compete and do really well if they compete properly. Like the people that I know. Everyone in this room, practically, I know, has competed very successfully. I haven't seen any. And I know the losers, just like I know the winners. I tell you, I don't see any of the losers here. But now, if some of the countries that pay 25% or more on autos complain, remember that Japan was willing to pay up front the $550 billion for that privilege of negotiating with the United States of America. We also made a deal yesterday with the Philippines and Indonesia, which in both cases will be opening up their country. And we're in the process of completing our deal with China and as you know, the uk we made a deal. It was a very good deal for everybody. Everybody's happy. It's always nice when everybody can be happy. But mostly we'll be charging straight tariffs to most of the rest of the world because we have over 200 countries. People don't realize it's a lot of. That's a lot of deals. Even if you're, like me, a deal junkie, that's a lot of deals. That would be too much for anybody who. How did we do with this country that I never heard of? We got a lot of. We got a lot of deals cooking. But America is taking in hundreds of billions of dollars like it never has before, investments into our country at the highest point ever in history. And we've just really been opened up for business for three of the six months. The first couple of months, we got ourselves all set, done a great job with our military. As you know, you saw that two weeks ago when you saw the way those incredible B2s flew into Iran and took out an entire nuclear potential deadly force. But I want to thank some of the incredible people that I see before me, including White House Aizar David Sachs. He's been great for organizing this very important summit and especially for putting it in D.C. where it's a little bit easier. I don't know if it's easy for you, but it's a hell of a lot easier for me. Along with his colleagues at the all in podcast, which is very good. I Did that podcast a year and a half ago and I said, this is something. It was pretty new, pretty raw. Everybody I knew saw that podcast. I said, well, he's got something pretty good. Who is that guy? He's a smart guy. By the way, I think if I ever get in, which at the time people were saying I had a shot. Not as good a shot as it turned out. We won in numbers that nobody believes. We won every swing state. We won by millions and millions of votes. Winning the popular vote, we won with the districts, as they would call them, 2,750 to 505. And that's why the map is almost completely red except for a couple of little blue areas on each side of it. But it was a great experience, frankly for me and hopefully it's a great experience and been a great experience for our country because they're saying we had the greatest six months that a president has ever had. The opening six months. And I'm not even sure maybe six months. I'm not sure it's the opening, but let's call it the opening six months. It sounds a little bit nicer. I want to also say hello and thank to Chamath and his wonderful wife Nat. Thank you very much for being here. Thank you very much. It was great seeing you again. Great couple. David Friedberg and even, as we know, Jason Calacanis. I say even. Thank you, Jason. Thank you, Jason. I appreciate that. Yeah, he's a good person. Thanks as well to the Hill and Valley Forum and our future under Secretary of State Jacob Helberg. Stand up, Jason. I met him a year and a half ago and I was very impressed. I said, let's bring him in. We bring in a lot of smart people. And David's been unbelievable as the job he's doing. Along with secretaries. Doug Burgum, who's been incredible. Doug, thank you. Thank you, Doug. Great job. He's. He's producing low cost energy. We're down to $64. I want to get it down a little bit further if we can. I don't know if the oil companies love that or not, but we want to have very inexpensive electricity so that you can power up the plants because you need more electricity than any human beings ever in the history of the world. When I heard what you really need, I said, you got to be kidding. Double what we produce right now for everything, right? I don't know. You get a Jensen. You're going to have to explain that to me someday. Why they need so damn much. Could you do with a Little bit less. My father always used to say, turn off the lights, son, but you guys are turning up the lights. I want to thank Howard Lutnick for doing a terrific job. He was involved in the big deal that we just completed with Japan. Howard, wherever you are. Howard. Where is Howard? Hi, Howard. Great job you did. Appreciate it, really. That was an interesting negotiation, wasn't it? These are tough people. These are good negotiators, I will tell you. Japan. But they love their country and they do what's right for their country. I want to thank Chris Wright, if Chris is around. Chris is here because he's helping with the tremendous energy success that we're having. We're having tremendous energy success. We're the biggest. We have more energy than anybody else in the world. Nobody knew that until I came along, but we have more energy than anybody else in the world. We're making incredible deals on energy, including deals in Alaska, where we sort of. That's the mother lode. That's the big one. And we're making deals with various Asian countries that need it. And it's actually hard to believe. You don't think of it, but Asia is very close to Alaska, relatively speaking. It's not the closest, but it is pretty much the closest when it comes to oil and gas and energy. And we're making some incredible deals. And I want to thank Chris. Chris's fantastic works in partnership, really, with this gentleman who's the head of all of. You've got the land and he's got the energy. Right? But you really. They formed a great partnership, Doug. So that's one of the greatest partnerships I've seen in a long time. They work hand in hand, and they have done a great job. Administrators. Kelly Loeffler, I think, is here. Kelly, thank you very much. Hi, Kelly. Thank Kelly. And probably the most important man in the room, and I say it in all sincerity, more important than Doug and Chris and all that energy they're producing. He's a man that produces fast permits on the environmental impact statements. He gets them done. I said, lee, you have one week, one week for nuclear, and you have a couple of days for oil and gas, okay? For the approvals. And we kid, but, you know, he really is. He's knocking them out fast. He's knocked out a lot. A lot of you guys have started your plants already, and you've already had your approvals. So where is Lee Zeldin? Is he here? He is so great, this guy. He is so great. That's why he has a slightly Better seat than I gave to Doug. You see now he's doing a fantastic job in a lot of ways, but he's doing a great job and he's getting fast permits and safe and good and everything else, but he's moving them along rapidly already given some. And you know, one of the most exciting things we'll talk about in a second is the fact that you're going to build your own electric producing plants. When you build whatever you're building, and it could be, it's different things, including automobile factories which are going up all over the place. You'll see them starting soon. We're, they're moving into our country because of the tariffs, because they don't want to pay the tariffs. They're moving into our country at a record, a record speed. But the ability to build your own electric plant not having to rely on a 100 year plus old grid. And then if you have electric capacity extra, you're going to sell it into the grid, make some money, but you'll sell it right back into the grid. Director of the Office of Science and Technology Policy, Michael Kratzios. Michael, thank you very much. Thank you, Michael as well. It's supposed to be taking a vote right now. Big vote. Senator Ted Cruz. Is Senator Cruz here? Oh, look at my Senator, why aren't you voting? I think we lost David McCormick who's voting. So why aren't. Is David here? Because you're supposed to be voting, Ted. I don't know. I'll tell you what, this man works hard. Ted works hard and he works good. And a very special thanks to some of the top industry leaders here, including somebody that's amazing. I said, look, we'll break this guy up. This is before I learned the facts of life. I said, we'll break them up. They said, no, sir, he's very hard. I said, why? I said, what percentages of the market does he have? So he has 100%. I said, who the hell is he? What's his name? His name is Jensen Huang. Nvidia. I said, what the hell is Nvidia? I've never heard of it before. He said, you don't want to know about it, sir. I figured we could go in and we could sort of break them up a little bit, get him a little competition. And I found out it's not easy in that business. I said, supposing we put the greatest minds together, they work hand in hand for a couple of years. He said, no, it would take at least 10 years to catch him if he Ran Nvidia totally incompetently from now on. So I said, all right, let's go on to the next one. And then I got to know Jensen, and now I see why. Jensen, we used to end up. What a job. What a job you've done, man. Great. It's a great. He's a great guy, too. Lisa Su of amd. Lisa. Lisa. Thank you. Congratulations. Great job. Sham Senecar of Palantir. We buy a lot of things from Palantir. Where are you? Are we paying our bills? I think so. We just made a deal with the European Union where they're going to pay the United States of America 100% of the cost of all military equipment. They're going to ship it to the European Union and then they'll distribute it, and much of it will go to Ukraine. It's been a long time since you've heard those words because we're in for $350 billion. But now we send it to Europe and Europe pays. And they were great. We had a tremendous NATO meeting a few weeks ago, and it was pretty amazing, actually. What happened? They agreed to go from 2% to 5%, and they had 2% where they didn't pay. They have 5% where they've already paid. That's a big difference. That's trillions of dollars, actually. Trillions. But they're going to spend that money in the United States with our defense companies, and we're going to send it to them, and they'll distribute the equipment that we send. So that's the way it should have been three years ago, frankly. And Jeff Sprecher, the other half of that incredible family. Is he here? Is he here? He's a fantastic guy. International Intercontinental Exchange. And he's been a friend of mine for a long time. The husband of Kelly, who's really doing a good job. You are really doing a good job. Small business, which is actually big business if you add it all up right, it's probably the biggest bank there is, but they call it small business. And she's done a fantastic job. Thanks, Gil. Say hello to Jeff. As we gather this afternoon, we're still in the earliest days of one of the most important technological revolutions in the history of the world around the globe. Everyone is talking about artificial intelligence. I find that too artificial. I can't stand it. I don't even like the name, you know, I don't like anything that's artificial. So could we straighten that out, please? We should change the name. I actually mean that I don't like the name artificial anything, because it's not artificial, it's genius. It's pure genius. And its potential to transform every type of human endeavor and domain of human knowledge, from medicine to manufacturing to warfare and national defense. Whether we like it or not, we're suddenly engaged in a fast paced competition to build and define this ground technology that will determine so much about the future of civilization itself because of the genius and creativity of Silicon Valley. And it is incredible, incredible genius. Without question the most brilliant place anywhere on Earth. America is the country that started the AI race. And as President of the United States, I'm here today to declare that America is going to win it. We're going to work hard, we're going to win it. Because we will not allow any foreign nation to beat us. Our children will not live on a planet controlled by the algorithms of the adversaries advancing values and interests contrary to our own. We don't want to have contrary interests. We want to get along. And we'll get along with other countries. We're having a great relationship, as I told you, with those countries that we mentioned, with Japan and Indonesia and so many others, the European Union, we're getting along, we're getting along very well with China. A lot of respect for President Xi. We have a great relationship and we'll see how it all works out. But we're getting along with countries very. It's really been pretty amazing, I will say that. And it's a good thing. It's a good thing, not a bad thing. So from this day forward, it'll be a policy of the United States to do whatever it takes to lead the world in artificial intelligence. Such an important thing happening. This is really something that nobody expected. It just popped out of the, popped out of the air and here we are. But we will defend our nation, our values, our future and our freedom, and it will be really great. But what we really need to be successful is a very simple phrase called common sense. And that begins with a common sense application of artificial and intellectual property rules. It's so important. You can't be expected to have a successful AI program when every single article, book or anything else that you've read or studied, you're supposed to pay for. Gee, I read a book, I'm supposed to pay somebody. And you know, we, we appreciate that, but you just can't do it because it's not doable. And if you're going to try and do that, you're not going to have a successful program. I think most of the people in the room, Know what I mean? When a person reads a book or an article, you've gained great knowledge. That does not mean that you're violating copyright laws or have to make deals with every content provider. And that's a big thing that you're working on right now. I know, but you just can't do it. China's not doing it. And if you're going to be beating China, and right now we're leading China very substantially in AI, Very, very substantially. And nobody's seen the amount of work that's going to be bursting upon the scene. But you have to be able to play by the same set of rules. So when you have something, when you read something, and when it goes into this vast intelligence machine we'll call it, you cannot expect to every time, every single time say, oh, let's pay this one that much, let's pay this one. Just doesn't work that way. Of course you can't copy or plagiarize an article. But if you read an article and learn from it, we have to allow AI to use that pool of knowledge without going through the complexity of contract negotiations of which there would be thousands. For every time we use AI, we also have to have a single federal standard, not 50 different states regulating this industry of the future. And some people would say, gee, that's an unpopular thing to say. I was told before I got up here, this is an unpopular thing because some people, they don't want that. But I want you to be successful. And you can't have one state holding you up. You can't have three or four states holding you up. You can't have a state with standards that are so high that it's going to hold you up. You have to have a federal rule and regulation. Hopefully you'll have the right guy in this position that's going to, that's going to supplant the states. If you are operating under 50 different sets of state laws, the most restrictive state of all will be the one that rules. So you could have a state run by a crazy governor, a governor that hates you, a governor that's not smart, or maybe a governor that's very smart but decides that he doesn't like the industry and he can put you out of business because you're going to have to go to that lowest common denominator. We need one common sense federal standard that supersedes all states, supersedes everybody, so you don't end up in litigation with 43 states at one time. You got to go litigation free. It's the only way. And we also have to watch Europe, Asia and all foreign countries so that they don't make rules and regulations that likewise make it impossible for you to do business and where you'd have to make everything in AI cater to them, because again, you'd have to cater to the toughest country or to the toughest state. You can't do that because it would ruin it. I just terminated all of the, as an example, California car emissions rules, which were a disaster. A disaster. Cost them. It cost them just billions of dollars as an industry, but thousands of dollars per car. The emission rule standard, because they were making the production of an automobile almost impossible and at a tremendously higher cost. Much more expensive than it should cost for very little gain, for actually, in my opinion, negative gain. The automobile was worse. Under this administration, our innovation will be unmatched and our capabilities will be unrivaled. And with the help of many of the people in this room, America's ultimate triumph will be absolutely unstoppable. We will be unstoppable as a nation again. We're way ahead and we want to stay that way. We can't let individual smaller units stop it, because that's the only thing that can stop it and can really mess it up. As with any such breakthrough, this technology brings the potential for bad as well as for good, for peril as well as for progress. But the daunting power of AI is the really. It's not going to be a reason for retreat from this new frontier. On the contrary, it is the more reason. We must ensure it is pioneered first and best. We have to have the best. The first pioneer. We are the best and the first pioneers. And we're going to be really putting a nation that we love, America. We're going to be putting it first. I have an expression. America first. Make America great again. A lot of great expressions, but they're all so true. Make America great again. We're going to make this industry absolutely the top. Because right now it's. It's a beautiful baby that's born. We have to grow that baby and let that baby thrive. We can't stop it. We can't stop it with politics. We can't stop it with foolish rules and even stupid rules at the same time. We want to have rules, but they have to be smart. They have to be brilliant. They have to be more brilliant than even the technology itself. Surely there will be challenges on the path ahead, but together we will meet them and transcend them all. We are Americans. And we are Americans first. I have a couple of people I know that don't happen to be from here, but I wish you a lot of luck. Anyway, I was looking at three people that are not Americans, but they're very good people. Please treat them nicely. But we do not shrink from the future or cower in the face of uncertainty. We dominate the future. We conquer new frontiers and we control our own fate. And we determine by doing that our own destiny. Winning this competition will be a test of our capacities unlike anything since the dawn of the space age. Believe that. It's hard to believe as a. As the President, the amount of enthusiasm for this one industry. I mean, I can talk about cars where we're doing incredibly well. We have car companies moving in all the time, But I talk about other industries. Everybody's saying this is going to dominate the world, going to dominate every industry that ever conceived. I don't know if that's true. I don't know if it's true, but I can tell you that a lot of very brilliant people think it is true. It'll dominate everything. It will challenge us to marshal all of our strength and flex the muscles of American ingenuity and resolve like probably never before. It will require us to blast through obsolete systems, cut through thickets of regulation. We've got to get rid of some of the regulation, but we want good regulation and rebuild the industrial bedrock of our country. And perhaps most importantly, winning the AI race will demand a new spirit of patriotism and national loyalty in Silicon Valley and long beyond Silicon Valley. For too long, much of our tech industry pursued a radical globalism that left millions of Americans feeling distrustful and betrayed. And you know that. Everybody knows that. Everybody in this room certainly does. Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India, and slashing profits in Ireland. You know that. All the while dismissing and even censoring their fellow citizens right here at home under President Trump. Those days are over. We need US technology companies to be all in for America. We want you to put America first. You have to do that. That's all we ask. That's all we ask, to partner with our tech geniuses and achieving this vision. Today, we're releasing the White House AI Action Plan. Big stuff. Signing it right after this. In fact, I see it sitting right there. Maybe I should just sign it right now. Who the hell has to make the rest of this speech? Right, but here are the pillars of the strategy. First, my administration will use Every tool at our disposal to ensure that the United States can build and maintain the largest, most powerful and most advanced AI infrastructure anywhere on the planet. America needs new data centers, new semiconductor and chip manufacturing facilities, new power plants and transmission lines. And under my leadership, we're going to get that job done. And it's going to be done with certainty and with environmental protection and all of the things that we have to do to get it done properly. Virtually all of these large capital investments can be and should be made by the private sector. And they want to do that. They just want to be able to do it. But for that reason, America must once again be a country where innovators are rewarded with a green light, not strangled with red tape so they can't move, so they can't breathe. And that's not going to happen. You're going to see things that you've never seen in this country before. So often, and I've been watching for many years, I've watched regulation, I've been a victim of regulation, a zone change that takes six years for a building in Manhattan or whatever. But I was good at zone changes. But it took a long time. By the time you got the zoning, the market changed, you didn't want to build the building. You say, well, but in some cases that made you lucky, didn't it?
