US President Donald Trump and top technology executives have signed a voluntary, one-page AI accord calling for internal controls, external audits and board-level oversight of artificial intelligence.

The document is described as morally binding rather than legally enforceable, Reuters reported. Executives including Anthropic’s Dario Amodei, Nvidia’s Jensen Huang and Palantir’s Alex Karp joined Trump for the signing, CNN reported.

The accord urges companies to set up safety frameworks and submit to outside audits. It stops short of new regulations, relying instead on the industry’s public commitments.

Critics have long argued that voluntary pledges lack teeth. Supporters say a shared statement of principles can move faster than legislation and set norms across the sector. Voluntary accords have become a common tool as governments around the world weigh formal AI laws.

What happens next: the test will be whether signatories follow through with audits and governance changes in the coming months. Supporters of the approach say shared principles can move faster than legislation.