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Trump Considers Adding A New 'AI Regulator' Position For The White House

Word on the StreetTuesday, Nov 26, 2024 10:16 am ET
1min read

Donald Trump is considering the establishment of a new position within the White House to coordinate federal policy and governmental use of artificial intelligence.

Sources say that the AI Commissioner may be established, but it has not been finalized yet, and the world's richest man, Elon Musk, will not take on this role. Nevertheless, Musk is expected to play a key role in future discussions and practical applications of AI.

Musk owns a number of star companies, one of which is the AI startup xAI. According to media reports, xAI's latest valuation has reached $50 billion.

Musk's competitors are concerned that he might use his relationship with Trump to support his own companies.

Musk played an important role in Trump's election campaign and has won Trump's trust.

Trump announced this month the creation of a new Department of Government Efficiency (DOGE), which will be co-led by Musk and Indian-American entrepreneur Ramaswami, mainly responsible for cutting government spending and streamlining bureaucratic agencies.

It is reported that Musk and Ramaswami have had a significant influence on the selection of the AI Commissioner.

Last week, media reports said that Trump's team was discussing with the cryptocurrency industry whether to establish a new position in the White House responsible for cryptocurrency policy.

According to the latest news, Trump may also establish a position responsible for both AI and the cryptocurrency industry.

Several months ago, Trump's team began discussing the idea of establishing an AI Commissioner, a position responsible for coordinating public and private resources to ensure that the United States maintains a leading position in the field of AI.

The AI Commissioner may collaborate with the Chief AI Officers of major federal agencies. In March, the Biden administration issued an executive order requiring all U.S. federal agencies to establish a Chief AI Officer to prevent the misuse of AI by the government. It is reported that Trump may retain the Chief AI Officer when he takes office in January next year.

In addition, the AI Commissioner may also cooperate with Musk's Department of Government Efficiency to use AI technology to combat waste, fraud, and abuse, including welfare fraud issues.

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12/22

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MarshallGrover
11/26
Interesting times, peeps. Musk's influence on AI and crypto regulation could shake things up. But, wonder if this 'AI Regulator' role is more hype than substance? Remember, diamond hands on your holdings while this drama unfolds!
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DaddyLungLegs
11/26
Regulator role = big responsibility
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THenrich
11/26
Crypto and AI together? Bold play
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LarryKingsGhost
11/26
Trump mixing AI and crypto? Wild ride ahead for tech stocks. 🚀 $TSLA, $AAPL might see some action.
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AkibaSok
11/26
xAI to moon with Trump’s backing? 🤔
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abdul10000
11/26
Musk's power move or overhyped?
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foureyedgrrl
11/26
Holding $TSLA long, but keeping an eye AI moves
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