Connect with us

Hi, what are you looking for?

Please enter CoinGecko Free Api Key to get this plugin works.

Finance News

Donald Trump rescinds Biden-era executive order on AI safety

Image: Cath Virginia / The Verge, Getty Images

In his executive actions on day one of his presidency, Donald Trump rescinded an executive order Joe Biden signed in 2023 to establish safety guidelines for generative AI.

The Biden-era order required developers of large AI models like OpenAI‘s GPT lineup to share the results of safety tests with the US government. It also directed the National Institute of Standards and Technology to develop standards for safety testing, And it tasked other federal agencies with assessing any potential chemical, biological, radiological, nuclear, cybersecurity, or critical infrastructure risks AI might pose.

Biden’s action also included measures meant to protect workers and consumers. It commissioned a report on how AI might affect the labor market, and asked agencies to develop practices for addressing AI-enabled fraud and discriminatory algorithms.

Donald Trump axed all that yesterday as he signed a flurry of new executive orders. One of his first actions was to rescind 78 Biden-era executive actions, including Executive Order 14110 on “Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.”

Trump has made the development of new AI tools a priority for his administration. His inauguration was stacked with tech heavyweights, some of whom donated to the President’s inauguration budget. Jeff Bezos, Elon Musk, Mark Zuckerberg, Tim Cook, Shou Zi Chew, Sundar Pichai, and Sam Altman were all reported in attendance yesterday.

The stage is now set for a showdown over the European Union’s AI Act that passed last year, which created transparency requirements and bars certain uses of AI.

Other measures the Biden administration put in place to boost AI development in the US may have a better shot at surviving. Before leaving office this month, Biden announced a new regulatory framework restricting some international sharing of AI chips and models. Biden also issued an executive order in January meant to speed the development of AI data centers on federal land.

You May Also Like

Stock News

In this exclusive StockCharts video, Joe demonstrates how to use the 1-2-3 reversal pattern as a buy signal on the weekly chart. This approach...

Finance News

Photo by James Bareham / The Verge Nintendo has a new console on the way, but you can still hang onto those old games....

Finance News

Photo by Lokman Vural Elibol / Anadolu via Getty Images Now that New York City has finally flipped the switch on congestion pricing, the...

Finance News

Illustration by Alex Castro / The Verge Netflix plans to offer couch co-op and party games that it will stream over the cloud to...



Disclaimer: financehightech.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.