Sarah Friar, Chief Financial Officer of OpenAI warned that there is strong competition in the development of AI coming from China, recognizing the economic and security benefits of the emerging technology.

The president said he’s also open to another tech giant to acquire TikTok: Larry Ellison, co-founder of Oracle. Ellison was present at the White House for a $500 billion AI infrastructure partnership between the Trump administration and OpenAI, Softbank and Oracle. Oracle, a software company, houses most of TikTok's servers