David Sacks, a venture Capitalist, warned President Trump on a call that the long-awaited executive order on the dangers posed by artificial intelligence that Trump was deliberating on could lead to mandatory regulations that slow down the industry in its race with Chinese competitors. Trump responded that he shared concerns about China and was worried about hindering AI investment. He then postponed the signing and told reporters he wouldn't sign the order. The incident shows how powerful Sacks' influence is and marks a win for those against strong guardrails to limit the risks posed by the technology.