Today, the White House unveiled its AI Action Plan, the Administration’s policy to guide the development of artificial intelligence. The Winning the Race: America’s AI Action Plan, encompasses a 28-page document that aims to pursue a policy of workers gaining from this technology, creating high-paying jobs, while enabling AI to improve the standard of living for all Americans.
AI and Crypto Czar David Sacks says AI is technology that will transform the global economy while altering the balance of power around the world.
“To remain the leading economic and military power, the United States must win the AI race. Recognizing this, President Trump directed us to produce this Action Plan. To win the AI race, the U.S. must lead in innovation, infrastructure, and global partnerships. At the same time, we must center American workers and avoid Orwellian uses of AI. This Action Plan provides a roadmap for doing that.”
AI is the hottest sector in tech today. Statista claims that the global AI market will reach approximately $244 billion in 2025, but is expected to surge to over $1 trillion by 2031. Virtually all industries are investigating or incorporating AI into their operations. AI startups reportedly raised over $100 billion in the first half of the year – approximately the same amount as the entire 2024.
The White House’s Action Plan aligns with the previously announced executive order on AI, which was posted in January. The goal, according to the administration, is to “usher in a new golden age of human flourishing, economic competitiveness, and national security for the American people.”
The AI Action Plan incorporates the following policies:
- Exporting American AI: The Commerce and State Departments will partner with industry to deliver secure, full-stack AI export packages – including hardware, models, software, applications, and standards – to America’s friends and allies around the world.
- Promoting Rapid Buildout of Data Centers: Expediting and modernizing permits for data centers and semiconductor fabs, as well as creating new national initiatives to increase high-demand occupations like electricians and HVAC technicians.
- Enabling Innovation and Adoption: Removing onerous Federal regulations that hinder AI development and deployment, and seek private sector input on rules to remove.
- Upholding Free Speech in Frontier Models: Updating Federal procurement guidelines to ensure that the government only contracts with frontier large language model developers who ensure that their systems are objective and free from top-down ideological bias.
Small Business & Entrepreneurship Council (SBE Council) President and CEO Karen Kerrigan says America’s AI future will expand opportunities and unlock new industries. Entrepreneurs are driving AI innovation, and firms are already reaping the benefits of powerful AI tools.
“The possibilities and opportunities are boundless, but the U.S. must continue to lead and win the AI race. ‘America’s AI Action Plan’ lays out a strategy to make that happen. The plan embraces America’s innovative potential and addresses the incentives and hurdles to fully harness innovation, including the human and physical infrastructure required to cement U.S. leadership. SBE Council congratulates President Trump and the White House team for developing an extraordinary AI Action Plan, and we look forward to working with the Administration and Congress on its implementation.”
Ian Moloney, SVP and Head of Policy and Regulatory Affairs at the American Fintech Council, said the AI plan is bold and a welcom commitment to ensuring US leadership in the most transformative technology of our time.
“In financial services, artificial intelligence has been used for many years to improve financial and product service offerings in lending. However, the rapid pace of new AI innovations has the power to unlock new opportunities for consumers, improve regulatory compliance, and make the financial system more efficient and secure.”
President Trump has confounded his opposition by quickly executing on many of his stated campaign goals. His support of digital asset innovation will empower a new generation of Fintech innovation. The President is poised to do the same with the AI sector.