WASHINGTON–The Trump administration has introduced an “AI Action Plan” it said it designed to maintain and boost U.S. dominance in artificial intelligence.
The plan has gotten support from America’s Credit Unions.
In introducing the plan, Trump also signed several executive orders meant to fast-track the development of AI.
“Whether we like it or not, we’re suddenly engaged in a fast-paced competition to build and define this groundbreaking technology that will determine so much about the future of civilization itself,” Trump said.
More Than 90 Policy Actions
According to a CBS News review of the newly introduced plan, it includes more than 90 federal policy actions that in their broadest terms seek to:
- Support the construction of data centers, semiconductor fabrication plants and the nation’s electric grid
- Create rules for government contractors in an attempt to eliminate “ideological bias” in chatbots
- Withhold funding from states that have “burdensome” AI regulations
- Compel federal agencies to review their rules and repeal any that obstruct AI development
- Establish a program to deliver AI export packages — including hardware, large language models, software, applications and standards — to U.S. allies.
The plan is backed by the Office of Science and Technology Policy (OSTP) and will be carried out over the next six months to a year, according to Michael Kratsios, policy director of the OSTP.
America’s Credit Unions Responds
“The White House’s AI Action Plan is a timely and strategic step toward ensuring America’s leadership in emerging technology—and credit unions are ready to be part of that future,” Americas Credit Unions President and CEO Jim Nussle said in a statement. “AI is already helping credit unions improve member service through cybersecurity and fraud detection, operational efficiencies, and modern data management to better serve 144 million Americans. A national framework that supports innovation, reduces regulatory friction, and promotes responsible AI adoption will empower credit unions to deliver greater financial inclusion and security for working families, small businesses, and the everyday Americans who count on Main Street to thrive. We look forward to continued engagement with the Administration and federal regulators like the NCUA to help credit unions harness AI’s full potential.”
