The Trump administration canceled a meeting on Friday of a White House tech panel which includes Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg, according to an Energy Department spokesperson.
This comes during a decline in tech stocks because of investors’ fears over the midterm results leading to a slowdown in artificial intelligence. Investors have concerns over Democrats pushing stricter AI regulations amid increasing opposition to data centers. Additionally, they are also worried about whether the huge amounts spent on AI will pay off.
READ: Trump promises $5,000 checks if Republicans win 2026 midterms (October 4, 2026)
The meeting on Friday was scheduled to convene the President’s Council of Advisors on Science and Technology, an outside panel that advises President Donald Trump. The group also includes AMD CEO Lisa Su, Oracle Chief Technology Officer Larry Ellison and Marc Andreessen, the co-founder of Andreessen Horowitz. Its co-chairs are venture capitalist David Sacks and White House tech adviser Michael Kratsios.
The Energy Department’s meeting website briefly listed November 13 as the new date for the meeting, but the agency later sent an email retracting that. The initial meeting announcement said the panel would advise Trump’s new AI task force, dubbed the “Super Intelligence Task Force,” which includes cabinet officials, Trump appointees and White House staff. Super intelligence is the president’s preferred term for AI.
Democrats are reportedly planning to unleash new legislation targeting artificial intelligence systems and data-center development when they take control of the US Congress in January, according to lawmakers, congressional aides and advocates. This would mark a significant shift from the Republican-led Congress, where the focus has been to promote AI development.
Republicans have largely been resistant to increasing AI legislation, at a time when data centers are facing rising opposition because of their extensive power needs.
READ: Most Indian Americans favor Democrats over Trump for the upcoming midterm elections (September 1, 2026)
Democrats plan on introducing bills aimed at shielding consumers from rising electricity costs tied to data centers, requiring independent testing of advanced AI systems and clarifying when AI companies can be held liable for harm caused by their products, they said. However, such legislation is bound to face harsh challenges when Trump remains in office, as he has repeatedly dismissed calls to write mandatory rules for AI technology.
On Friday, Trump said he would work with US states that “want to become RICH” by embracing AI, without offering details. However, Democratic lawmakers and outside advocates said control of congressional committees would give the party a platform to advance proposals, compel testimony from industry leaders and build support for action if AI systems cause real-world harm. Representative Greg Casar, a Texas Democrat and chair of the Congressional Progressive Caucus, already said this week that AI executives should be called to testify under oath.