$BTC According to Cointelegraph, US President Donald Trump quickly revoked several executive orders from former President Joe Biden on his first day back in the White House, including a comprehensive order on artificial intelligence (AI). The list of measures taken by the president on January 20 included the repeal of Biden's 2023 executive order that established standards for the safety and protection of AI. This order required AI developers to share information on safety testing with the government.

Trump criticized Biden's AI regulations, calling them excessively restrictive and harmful to technological innovations. He argued that such regulations stifle creativity and economic growth. The Republican Party's 2024 platform reflected this view, labeling Biden's order as an obstacle to AI innovations. The platform advocates for AI development that supports free expression and human flourishing.

Prominent technology leaders, including Meta's Mark Zuckerberg, Amazon's Jeff Bezos, and Google's Sundar Pichai, were present at Trump's inauguration on January 20. This event underscored the technology sector's alignment with Trump's stance on AI regulation. Meanwhile, US companies are accelerating their AI initiatives, with Microsoft announcing the establishment of two AI centers in Abu Dhabi in September, marking significant AI investments in 2024.

Biden's executive order, signed in October 2023, outlined a framework for AI with six key points focused on the ethical use of AI in government, practices to protect citizen privacy, and consumer privacy protection. The order also included reporting mechanisms for companies and guidelines from the National Institute of Standards and Technology to identify biases in language models.