Trump to announce AI policy outlining looser guidelines, energy focus- Bloomberg

Investing.com-- U.S. President Donald Trump is expected to announce policy guidelines for the artificial intelligence industry that will include looser regulation and more energy sources for data centers, Bloomberg reported on Friday.

The Trump administration will release its so-called AI Action Plan in the coming days, Bloomberg reported, citing people who were briefed by administration officials. 

Trump is expected to sign a bevvy of executive orders outlined in the plan, the report said. This comes after the president earlier this year vowed to formulate a comprehensive regulatory framework for the industry. 

Trump is also expected to urge Congress to consider federal legislation to supersede state-based laws on the technology, the Bloomberg report said. 

Trump has repeatedly touted boosting U.S. development of AI, with his administration having attracted hundreds of billions of dollars in private investment in the sector. 

Earlier this week, Trump flagged $90 billion in private investment to build more AI infrastructure and facilities in Pennsylvania. The president had earlier this year touted a $500 billion investment led by OpenAI and Softbank (OTC:SFTBY) to build more U.S.-based AI infrastructure.

Trump has also signed orders to boost U.S. energy production to meet growing electricity demands from the AI industry. 

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