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EUROS The World Financial Report
Nº 18 Wednesday, 29 July 2026 · World Edition
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Tech & AI

Tech CEOs push Washington on AI framework before Aug 1 deadline

EUROS Newsroom · 1h ago · 1 min read · 🇺🇸 United States
Tech CEOs push Washington on AI framework before Aug 1 deadline

OpenAI's Sam Altman and Nvidia's Jensen Huang are lobbying U.S. officials this week as an Aug. 1 deadline will determine how federal agencies assess new AI models prior to release.

OpenAI CEO Sam Altman is in Washington this week to meet with White House Chief of Staff Susie Wiles, a key architect of the administration's approach to AI policy. Altman confirmed to CNBC that he has already reviewed the government's proposed evaluation framework for artificial intelligence models.

The executive visits come as federal agencies face an Aug. 1 deadline, exactly 60 days after President Donald Trump signed an executive order on AI, to finalize an evaluation framework. That order asked technology companies to voluntarily provide models to the government for capability assessments but initially lacked specific implementation details.

For markets, the framework's structure will dictate the regulatory friction applied to the sector's most capital-intensive product cycles. Even a voluntary pre-release assessment process introduces the risk of deployment delays or heightened government scrutiny. These factors can directly impact the commercial timelines, revenue projections, and valuations of leading AI developers operating in a highly competitive global market.

Altman is meeting with a broad group of senior administration officials, lawmakers, and economists to discuss OpenAI's upcoming models, cybersecurity, and the U.S. position in the global AI race. On Wednesday, he met with Senator Ted Cruz and several Senate Democrats. Altman told CNBC their discussion focused on "what it's going to take for America to remain competitive with AI."

The regulatory focus is not limited to model developers. Nvidia CEO Jensen Huang is simultaneously on Capitol Hill to advocate for open models and "American leadership in AI," according to a company spokesperson. For Nvidia, the dominant supplier of AI training chips, any regulatory bottleneck that slows the deployment of new models threatens the demand pipeline for its hardware.

Wiles, as one of Trump's closest advisors, is central to determining how strictly these voluntary guidelines might be enforced or expanded in the future. The outcome of this week's discussions will signal whether the U.S. government will act as a facilitator or a gatekeeper for the next generation of AI systems.