Obama met bosses of tech giants Google, Apple, Netflix, Yahoo and Twitter at the White House for talks also expected to include an update on the problem-plagued website underpinning his health reform plan.
The meeting came a day after a US court ruled that the National Security Agency's bulk collection of telephone records was probably unconstitutional, in the first blow of a long legal tussle over the program.
It also took place as Obama considers the findings of a panel he set up to recommend reform of US spy agency snooping in the wake of damaging revelations by fugitive intelligence analyst Edward Snowden.
Top executives at the talks included include Sheryl Sandberg of Facebook, Tim Cook of Apple, Marissa Mayer of Yahoo, Eric Schmidt of Google and Dick Costolo of Twitter.
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Obama is familiar with many of the people in the meeting -- a number are high profile and wealthy supporters of his political campaigns.
But the revelations of a massive US spy snooping programme on the Internet, leaked by Snowden, have strained ties between the White House and the US tech sector.
"The balance in many countries has tipped too far in favor of the state and away from the rights of the individual -- rights that are enshrined in our Constitution," they wrote in an open letter to Obama.
A White House official said in a statement that the talks would focus on "national security and the economic impacts of unauthorised intelligence disclosures."
The US president also planned to discuss how the tech sector could help unleash new economic growth and job creation.
But he is believed to be committed to permitting the NSA data mining operation to continue, given the insistence of US spy chiefs that it is vital to their wider campaign against terrorism.