BREAKING: Elon Musk was sitting next to President Trump at the White House Super Intelligence luncheon. Here is President Trump’s full address:

• Praised the technology leaders as some of the world’s most brilliant people
• Said President Xi also acknowledged their brilliance
• Declared that America has a major lead in AI and will keep it
• Said the industry could become bigger than the Industrial Revolution
• Announced a document officially renaming “artificial intelligence” as “superintelligence”
• Emphasized self-regulation alongside government oversight
• Said data center companies will support local communities through energy, education and financial assistance
• Highlighted the wealth, lower taxes and other benefits data centers can bring
• Said the leaders in the room love America and want to do the right thing