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International body to first respond to US AI regulatory changes by end of 2025?
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Story
Trump Rescinds Biden's AI Safety Order, Launches $500 Billion AI Investment with SoftBank, OpenAI, Oracle
Jan 22, 2025, 07:16 AM
President Donald Trump has taken significant steps to position the United States as a leader in artificial intelligence (AI) by rescinding a 2023 executive order on AI safety issued by former President Joe Biden. This move, executed on his first day back in the White House, signals a shift towards less regulation and more emphasis on development and innovation in AI. Trump's administration has announced a joint venture involving SoftBank Group Corp., OpenAI, and Oracle Corp., which aims to invest up to $500 billion in AI infrastructure in the U.S., including data centers and campuses. This initiative underscores Trump's intent to foster a robust AI ecosystem in the country, aligning with his campaign promises to accelerate AI development to compete with China. The revocation of Biden's 2023 order, which had established frameworks for ethical and security considerations in AI, introduces regulatory uncertainty for companies in AI-driven fields, potentially leading to a varied regulatory landscape as states and international bodies step in.
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