The Trump administration has abandoned plans to create a dedicated AI oversight body after months of internal debate and intense lobbying from Silicon Valley executives, including Meta CEO Mark Zuckerberg. No new proposals are under active consideration at the White House and legislative efforts in Congress have stalled ahead of midterm elections. The administration argues that existing agencies such as the FDA, SEC, and FTC can regulate AI within their current mandates. In practice, the industry itself will now serve as the primary check through voluntary commitments and internal ethics boards. The administration justifies this approach by citing concerns about slowing American competitiveness in the global AI race, pointing to the European Union’s AI Act as a cautionary tale to avoid.
Source: Read the original article
