President Donald Trump is expected to loosen regulations around artificial intelligence as he announces policy guidelines for the sector. He is also expected to call for expanding energy sources for data centers.
The U.S. government is scheduled to establish the AI Action Plan in the coming days. Trump is also expected to provide more details on AI policy on July 23 during an event hosted by the tech consortium Hill and Valley Forum and the All-In podcast.Â
Trump wants the U.S. to lead in artificial intelligence
The proposal will not focus much on a sweeping vision of the long-term effects of AI, but will be limited to actions of the Executive Office of the President. The policy will be the most significant policy directive in the AI industry, showing the Trump administration’s efforts to position the U.S. as a global hub for artificial intelligence.Â
Trump revoked some existing AI policies and directives from the Biden era that limited U.S. AI innovation. The Trump administration has revealed plans to reduce regulatory barriers in the AI industry, while promoting AI adoption and innovation in the country.
The U.S. Senate removed the AI moratorium provision from Trump’s Tax Bill earlier this month through a 99-1 vote. The sweeping tax would have restricted states from regulating AI, but the tech industry is focused on reducing such laws nationwide. The White House Office of Science and Technology Policy will reportedly lead the plan, which will be deployed in a nationwide promotional campaign.
Many believe the proposal would highlight the administration’s goals of supporting infrastructure by simplifying environmental standards in the National Environmental Policy Act. They also revealed that the President would not include guidance on strengthening power grids in the plan.
The proposal would also include security measures to prevent foreign adversaries from accessing the U.S. AI technology by establishing global AI partnerships. It also revealed a collaboration between the U.S. International Development Finance Corporation and the Export-Import Bank to advance Trump’s export promotion orders to support global U.S. hardware and software deployment.
Conservatives have condemned the Export-Import Bank, arguing it’s a tool to bail out big corporations. Some argued that the senior White House policy adviser AI and crypto czar, David Sacks, and the senior White House policy adviser on AI, Sriram Krishnan, will spearhead a third executive order that calls for all large language models procured by the government not to be biased.Â
The initiative follows Trump’s directive earlier this year to develop a framework that will enhance global AI dominance in the country. The President also awaits signing a flurry of executive orders to establish some of the policies included in the plan.
Trump advances other AI and energy plans
The announcement also champions other efforts by industry players to forge international partnerships in pursuit of advancing in the sector. The administration revealed earlier this year a $500 billion investment collaboration by OpenAI and SoftBank to establish more AI infrastructure in the U.S. Many firms condemned what they saw as a limiting approach to AI under President Joe Biden.
The President also announced earlier this week in the inaugural Pennsylvania energy and innovation summit plans to invest roughly $70 billion to construct more AI data centers in Pennsylvania. Senator Dave McCormick argued that the proposal would boost the local economy, acknowledging that Trump had kept his promise to serve the people of Pittsburgh.
KEY Difference Wire helps crypto brands break through and dominate headlines fast
Â
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.