**Trump Calls Off AI Executive Order Over Concern It Could Weaken US Tech Edge**

President Donald Trump has decided to call off a planned executive order on artificial intelligence (AI) just hours before a signing ceremony, citing concerns that the framework could potentially slow down America's lead over China in the AI technology race. The order was intended to establish a framework for the government to assess the national security risks posed by the most advanced AI systems before their public release. This move was seen as a voluntary collaboration with U.S.-based tech companies like Anthropic, OpenAI, and Google. The decision to cancel the executive order highlights the internal divisions within the administration regarding the regulation of AI technology. Serena Booth, a computer science professor at Brown University and former AI policy fellow, noted that there are conflicting views within the government on the need to test AI models before their release. While some argue for stringent scrutiny to ensure national security, others are concerned that excessive government oversight could stifle innovation and slow down the development of AI technologies. The cancellation of the AI executive order also comes amidst growing concerns within the banking industry and other sectors about the cybersecurity vulnerabilities posed by advanced AI models. Treasury Secretary Scott Bessent and outgoing Federal Reserve Chair Jerome Powell recently convened a meeting with Wall Street CEOs to address the risks associated with AI models like Claude Mythos developed by Anthropic. The Trump administration's stance on AI regulation has been met with mixed reactions, with some viewing AI as a key driver of economic growth and innovation, while others express concerns about the potential negative impacts on jobs and society. The administration's decision to cancel the executive order reflects the ongoing debate within the Republican party on how to approach AI technology and its regulation. Despite the cancellation of the executive order, the administration has emphasized the importance of promoting innovation while addressing cybersecurity threats and data privacy concerns. Vice President JD Vance stated that the administration aims to strike a balance between fostering innovation and ensuring safety in the development and deployment of AI technologies. Overall, the decision to call off the AI executive order underscores the complex challenges and competing interests involved in regulating AI technology in the United States. As the AI race intensifies globally, finding the right balance between promoting innovation and safeguarding national security remains a critical issue for policymakers and industry stakeholders. **Sources:** 1. [Slashdot](https://yro.slashdot.org/story/26/05/21/2034246/trump-calls-off-ai-executive-order-over-concern-it-could-weaken-us-tech-edge?utm_source=rss1.0mainlinkanon&utm_medium=feed) 2. [Fast Company](https://www.fastcompany.com/91546771/trump-ai-executive-order) 3. [Engadget](https://www.engadget.com/2179211/trump-postpones-ai-oversight-bill-after-big-tech-pressure) **#AIRegulation #TechPolicy #Innovation**