President Donald Trump revoked former President Joe Biden’s 2023 executive order aimed at putting security guardrails around artificial intelligence (AI) systems and their potential impact to national security, giving a major boost to private sector companies like OpenAI, Oracle, and Softbank. They responded in kind with collective pledges to spend up to $600 billion on building out AI infrastructure in the US.
Biden’s AI executive order required developers of AI and large language models (LLMs) like ChatGPT to develop safety standards and share results with the federal government to help prevent AI-powered cyberattacks against citizens, critical infrastructure, dangerous biological weapons, and other areas affecting US national security.
Artificial Intelligence Private Sector Ponies Up
Fast on the heels of that revocation, the Trump administration unveiled Project Stargate, which is intended to funnel hundreds of billions into AI infrastructure in the US. The Stargate event at the White House was attended by SoftBank CEO Masayoshi Son, who had already pledged $100 billion to the fund. OpenAI CEO Sam Altman and Oracle co-founder Larry Ellison each pledged an initial $100 billion,…
