The real winners from Trump’s ‘AI action plan’? Tech companies

This article was written by Dara Kerr for The Guardian.

Donald Trump’s AI summit in Washington this week was a fanfare-filled event catered to the tech elite. The president took the stage on Wednesday evening, as the song God Bless the USA piped over the loudspeakers, and then he decreed: “America must once again be a country where innovators are rewarded with a green light, not strangled with red tape, so they can’t move, so they can’t breathe.”

The message was clear – the tech regulatory environment that was once the focus of federal lawmakers is no longer.

“I’ve been watching for many years,” Trump continued. “I’ve watched regulation. I’ve been a victim of regulation.”

As Trump spoke to the crowd, he addressed them as “the group of smart ones … the brain power”. In front of him were tech leaders, venture capitalists and billionaires, including Nvidia’s CEO Jensen Huang and Palantir’s chief technology officer Shyam Sankar. The Hill and Valley Forum, an influential tech industry interest group, co-hosted the confab, along with the Silicon Valley All-in Podcast, which is hosted by White House AI and crypto czar David Sacks.

Dubbed “Winning the AI Race”, the forum was an opportunity for the president to deliver what he called the “AI action plan”, which aims to loosen restrictions on the development and deployment of artificial intelligence.

The original article can be found here.

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