EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Trump’s call for AI deregulation gets strong backing from Big Tech

Andrew Murphy by Andrew Murphy
March 20, 2025
in Other
Reading Time: 8 mins read
A A
1
50
SHARES
628
VIEWS
Share on FacebookShare on Twitter

US President Trump gestures as CEO of Open AI Sam Altman speaks at the White House in January. ©AFP

Washington (AFP) – Major tech firms are pushing the administration of President Donald Trump to loosen rules on building artificial intelligence, arguing it is the only way to maintain a US edge and compete with China. Spooked by generative AI’s sudden advance, governments initially scrambled to develop guardrails, as major tech companies rapidly integrated the technology into their products. Since taking office in January, the Trump administration has shifted focus toward accelerating AI development at all costs, pushing aside concerns about the models suffering hallucinations, producing deepfakes, or destroying human jobs.

Related

Taiwan tests sea drones as China keeps up military pressure

G7 leaders urge Trump to ease off trade war

Oil prices rally, stocks slide as traders track Israel-Iran crisis

Oil prices rally, stocks mixed as traders track Israel-Iran crisis

Venezuela’s El Dorado, where gold is currency of the poor

“The AI future is not going to be won by hand-wringing about safety,” Vice President JD Vance told world leaders at a recent AI summit in Paris. This message unsettled international partners, particularly Europe, which had proudly established the EU AI Act as a new standard for keeping the technology in check. But, faced with America’s new direction, European officials are now pivoting their messaging toward investment and innovation rather than safety. “We’re going to see a significant pullback in terms of the regulatory efforts…worldwide,” explained David Danks, professor of data science and philosophy at University of California San Diego. “That certainly has been signaled here in the United States, but we’re also seeing it in Europe.”

– ‘Step back’ –

Tech companies are capitalizing on this regulatory retreat, seeking the freedom to develop AI technologies that they claim have been too constrained under the Biden administration. One of Trump’s first executive actions was dismantling Biden’s policies, which had proposed modest guardrails for powerful AI models and directed agencies to prepare to oversee the change. “It’s clear that we’re taking a step back from that idea that there’s going to be a coherent overall approach to AI regulation,” noted Karen Silverman, CEO of AI advisory firm Cantellus Group.

The Trump administration has invited industry leaders to share their policy vision, emphasizing that the US must maintain its position as the “undeniable leader in AI technology” with minimal investor constraints. The industry submissions will shape the White House’s AI action plan, expected this summer. The request has yielded predictable responses from major players, with a common theme emerging: China represents an existential threat which can only be addressed by plowing an open path for companies unencumbered by regulation.

OpenAI’s submission probably goes the furthest in its contrast with China, highlighting DeepSeek, a Chinese-developed generative AI model created at a fraction of American development costs, to emphasize the competitive threat. According to OpenAI, American AI development should be “protected from both autocratic powers that would take people’s freedoms away, and layers of laws and bureaucracy that would prevent our realizing them.” For AI analyst Zvi Mowshowitz, OpenAI’s “goal is to have the federal government not only not regulate AI,” but also ban individual US states from doing so.

Currently engaged in litigation with the New York Times over the use of its content for training, OpenAI also argues that restricting access to online data would concede the AI race to China. “Without fair use access to copyrighted material…America loses, as does the success of democratic AI,” OpenAI said. Another response submitted by a group of Hollywood celebrities — including Ben Stiller and Cynthia Erivo — rejected the notion, reflecting the film and television industry’s contentious relationship with the technology.

– ‘Essential’ –

In its response, Meta touted its open Llama AI model as part of the fight for American technological superiority. “Open source models are essential for the US to win the AI race against China and ensure American AI dominance,” the company stated. CEO Mark Zuckerberg has even advocated for retaliatory tariffs against European regulatory efforts. Google’s input focused on infrastructure investment for AI’s substantial energy requirements. Like its peers, Google also opposes state-by-state regulations in the US that it claims would undermine America’s technological leadership.

Despite the push for minimal oversight, industry observers caution that generative AI carries inherent risks, with or without government regulation. “Bad press is universal, and if your technology leads to really bad outcomes, you’re going to get raked over the public relations coals,” warned Danks. Companies have no choice but to mitigate the dangers, he added.

© 2024 AFP

Tags: AIinnovationUS-China relations
Share20Tweet13Share4Pin5Send
Previous Post

Markets skid into weekend as trade fears cast a pall

Next Post

London’s Heathrow airport closed after fire causes major power cut

Andrew Murphy

Andrew Murphy

Related Posts

Other

Oil prices jump after Trump’s warning, stocks extend gains

June 17, 2025
Other

Despite law, US TikTok ban likely to remain on hold

June 16, 2025
Other

OpenAI wins $200 mn contract with US military

June 16, 2025
Other

G7 leaders urge Trump to ease off trade war

June 17, 2025
Other

Struggling Gucci owner names new CEO

June 16, 2025
Other

Oil prices drop, stocks climb as Iran-Israel war fears ease

June 16, 2025
Next Post

London's Heathrow airport closed after fire causes major power cut

Massive disruption after power outage shuts London's Heathrow airport

Trump says Boeing won next-generation F-47 fighter jet contract

EU tariffs not a deterrent, says Chinese EV maker XPeng

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.