The Dow Jones (DJIA) is trading slightly lower on Monday after President Trump announced that he would sign an executive order later this week that would ban state-by-state rules on AI.
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“There must be only One Rulebook if we are going to continue to lead in AI,” Trump said in a Truth Social post on Monday. “We are beating ALL COUNTRIES at this point in the race, but that won’t last long if we are going to have 50 States, many of them bad actors, involved in RULES and the APPROVAL PROCESS.”
Trump Cautions Against Restrictive AI Oversight
Trump added that excessive state rules on AI could risk the industry being “DESTROYED IN ITS INFANCY!”
The announcement comes after Nvidia (NVDA) CEO Jensen Huang visited Washington, D.C., last week to lobby against restrictive regulations on AI and personally met with Trump. Trump has previously signed executive orders to bolster AI development within the U.S., including ones that would support AI infrastructure buildout and the energy needed to run data centers.
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