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Monday, December 9, 2024

What Trump’s Second Presidency Means For AI, Cybersecurity And Crypto

As President-elect Donald Trump prepares to return to the White House for the second time, the technology industry is anticipating what could be a defining era of policy transformation. Key areas of focus include artificial intelligence, cryptocurrency, cybersecurity and strategic competition with China in high-tech sectors. With a legacy of bold regulatory shifts and an “America First” approach, Trump’s administration could profoundly reshape the tech landscape, both at home and abroad.

Since Trump’s last term, AI has surged forward, moving from hypothetical potential to real-world applications that are redefining entire industries. Trump’s campaign has already hinted at plans to review and potentially repeal the Biden administration’s sweeping AI Executive Order, which implemented AI development guidelines. The Trump administration believes that loosening regulatory constraints could unlock innovation—essential to compete in the escalating AI race with China.

China currently holds a significant advantage, with around 38,000 AI patents compared to the U.S.’s 6,300. This gap underscores the urgent need for a U.S.-led AI revolution. Trump’s team suggests that strengthening the nation’s AI infrastructure and fostering an innovation-friendly environment is paramount for national security and economic dominance. Meanwhile, the AI Safety Institute, formed during Biden’s term, aims to balance innovation with strict regulatory safeguards. Trump’s policies will emphasize rapid AI advancement while exploring deregulation in areas where progress is being stymied by oversight.

Read the rest of the story at Forbes.

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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