Trump calls off plans to sign executive order on artificial intelligence

Source Domain: apnews.com

President Donald Trump canceled a planned executive order on artificial intelligence (AI) before a scheduled signing ceremony due to concerns that it might hinder America’s AI technological advantage.
The decision followed an emergency meeting convened by Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to warn banks about the cybersecurity risks associated with powerful AI models like Anthropic’s Claude Mythos.
The internal debate over AI regulations and the push for government action to evaluate AI systems reflects growing fears about the technology’s impact on cybersecurity, jobs, and costs among the public and within the Republican party.
Trump’s administration has been promoting the AI sector as a growth driver but faces conflicting views within the party, including skepticism from some voter groups and differing opinions among administration officials.
There are competing views on the necessity and timing of government vetting processes for powerful AI systems, with concerns that excessive regulation could stifle innovation while inadequate oversight poses significant cybersecurity risks.
The White House has been cautious about adopting new executive orders that might prompt state-level regulation of AI, aiming to balance innovation promotion with cybersecurity and data privacy concerns.

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