US President Donald Trump addressed world leaders at the World Economic Forum in Davos, declaring his intent to position the United States as a leader in artificial intelligence and cryptocurrency.
Stargate Initiative: US Leads in AI Development
Trump announced the creation of the Stargate initiative, a $500 billion project aimed at solidifying US leadership in AI. The effort will bring together companies like OpenAI, Oracle, and Japan-based SoftBank.
Trump Reverses Biden's AI Regulations
President Trump issued an executive order rescinding the stringent AI regulations set by the Biden administration, garnering support from business leaders like Steve DelBianco.
Trump Positions US as Global Crypto Hub
Trump appointed Mark Uyeda and Caroline Pham as interim chairs of the SEC and CFTC, which was welcomed by the cryptocurrency industry. These moves aim to establish clearer regulatory frameworks for the digital currency sector.
Donald Trump's plans to bolster US leadership in AI and cryptocurrency have been met with approval in the business community. They aim to create conditions for innovation and technological advance, aligning with his goal to restore the country’s status as a global technology superpower.
