Major AI companies are establishing a self-governing structure to manage their technology and its societal impact, as the federal government remains largely disengaged. These companies, including Anthropic and OpenAI, are setting their own regulations and developing plans for wealth redistribution. This situation mirrors the power of historical industrial titans, influencing society and economic distribution. President Trump favors this self-regulation approach over new government oversight. Leading companies like Google, Meta, and Nvidia are all involved in developing these voluntary frameworks, placing public trust in their ability to police themselves. Despite warnings of catastrophic risks from these companies, they are racing towards superintelligence. Simultaneously, AI leaders are pledging portions of their wealth for public benefit, with competing visions for wealth control. Anthropic plans to create a massive public benefit fund, while Elon Musk suggests direct distribution to the public, including a significant giveaway of SpaceX shares. OpenAI's CEO has proposed a sovereign wealth fund for the U.S. government. These plans hinge on optimistic growth projections, potential billionaire follow-through, and public trust. The concept of "Trump Accounts" is emerging as a favored vehicle for free-market AI leaders to distribute wealth. However, the Trump administration has asserted federal authority regarding incident reporting and remediation, potentially complicating industry self-governance.