AI Trend a Long-Term Shift, Says Futurum CEO

Futurum Group CEO Daniel Newman believes the trend towards artificial intelligence (AI) is "secular" and "long-term," rather than a short-term "bubble." He notes that Big Tech companies, including Apple, are investing heavily in AI, and Apple needs to deliver on the technology to remain competitive. Newman also mentions the competition from China in the AI race.

President Donald Trump is set to unveil his administration's "Artificial Intelligence Action Plan" on Wednesday, amidst growing competition in the global AI landscape. The plan aims to bolster America's AI dominance, promote economic competitiveness, and ensure national security [1].

The White House has received over 10,000 public comments from companies, nonprofits, and advocates, including tech giants like Google, OpenAI, Meta, and Amazon [1]. Three executive orders are expected to be signed, targeting "woke" AI models, facilitating data center construction, and encouraging American technology exports [1].

Critics argue that the Trump administration's approach prioritizes corporate interests over public well-being. Over 80 labor, environmental, and civil rights groups have signed a "People's AI Action Plan" calling for regulations to safeguard workers and the environment [1].

Futurum Group CEO Daniel Newman believes AI is a long-term trend, noting that Big Tech companies, including Apple, are heavily investing in the technology to remain competitive [2]. However, Apple must deliver on its AI promises to stay ahead of rivals like OpenAI and Perplexity, which are challenging Google's dominance [2].

Alphabet, the parent company of Google, is integrating AI into its search and advertising businesses to maintain its market position. It has rolled out AI-generated summaries and secured OpenAI as a cloud customer [2]. Wall Street anticipates returns from Big Tech's AI investments, which are expected to total $320 billion this year [2].

The Trump administration's AI plan is likely to be well-received by Silicon Valley figures, with influential shows and forums such as the All-In Podcast and the Hill and Valley Forum supporting the initiative [1].

References:
[1] https://www.washingtonpost.com/politics/2025/07/22/tech-brief-trump-ai-action-plan/
[2] https://m.economictimes.com/tech/technology/alphabet-will-seek-to-reassure-investors-as-ai-rivals-step-up-competition/articleshow/122834464.cms