Silicon Valley is welcoming the White House's hands-off approach to AI regulation.

At a packed Tech Week in San Francisco, founders and investors said this stance would boost profits.

It would help companies that build AI defense and security systems.

The event was part of a series organized by Andreessen Horowitz.

Its head advises Trump on science and technology.

President Donald Trump signed a 308-word voluntary safety agreement with major AI labs last month.

It says advanced labs should follow safety protocols and monitor their own progress.

But the administration has not explained how it will prevent what OpenAI CEO Sam Altman called "bad things."

Trump repealed a Biden-era order on AI risks.

He also canceled requirements for developers to share safety test results.

Some experts doubt self-policing will work.

David Robinson recently resigned from OpenAI's safety team.

He said the pact gives companies too much freedom and is no substitute for hard law.

Sarah Myers West of the nonprofit AI Now said self-regulation has consistently failed.

Three OpenAI researchers said they were fired after posting that fear and unclear rules hinder safety work.

Trump has tied his political capital to the AI industry's success.

He called unbridled development key to beating China.

He warned voters not to "kill the Golden Goose."

The FTC has opened an investigation into OpenAI, Anthropic and others.

Critics question whether companies should hold this much power.

One is former Treasury official Graham Steele.