Chris Kelly, founder of Kelly Investments and former Facebook chief privacy officer, told CNBC’s Squawk Box that the tech industry’s agreement with President Trump on voluntary AI safeguards signals a bid to set baseline practices while forestalling heavier regulation. He framed the commitments as a step toward common standards on testing, transparency, and accountability, while noting that formal rules could follow if self-policing falls short. The discussion highlighted how governance choices may influence innovation timelines, compliance costs, and competitive dynamics across leading AI developers.
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