The White House and top tech bosses agreed to police their own AI instead of facing real rules, which is good for the companies and risky for everyone else.

• The deal is described as "morally binding" — no laws, just promises to grade each other's homework.
• Trump wants AI rebranded as "SI," super intelligence, while polls show voters dislike the whole push.
• Elon Musk has been subpoenaed by New York City over AI safety, even as he sits in the room shaping policy.
• Musk pitches an "age of abundance" with universal high income once robots take over jobs; there is no plan for people who lose work first.
• Trump is selling data centers as a windfall for towns and wants children auto-enrolled into new government-backed investment accounts, potentially 60 million of them.

Outlook: Expect more data centers, more AI money flowing into markets, and no binding regulation any time soon.