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Since President Donald Trump has returned to power, one of the first things he has done is revoke an executive order from 2023 signed by Joe Biden that seeks to reduce the risks artificial intelligence poses to consumers, workers and national security. The recall marks a significant shift in federal oversight of artificial intelligence technology.

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According to Biden’s orders, developers of AI systems that in any way pose risks to the US government, the economy, or even public health or safety, would have to share the results of safety tests with the government, which was in accordance with the Defense Production Act. .

The order also required agencies to create orders for testing and addressing related chemical, biological, radiological, nuclear and cybersecurity risks. As of now, all key security and transparency requirements for AI developers have been revoked.

While it is currently unclear how the Trump administration will handle rules and regulations regarding artificial intelligence, it is likely to be more of a “hands-off” approach. Regardless of how it is handled, the one thing that is clear is that this technology will continue to be extremely transformative.

As the CEO of Abu Dhabi’s sovereign wealth fund Mubadala quoted to CNBC at the World Economic Forum in Davos, the world has yet to fully recognize the scale of change AI will bring to all aspects of human life.

“In terms of risks … this is a technology that no one today really appreciates, indeed the level of disruption that it will create, affecting everything from our lives, our businesses, human capital, employment and every sector will be disrupted. And I think that while there is a lot of opportunity, it also poses a significant risk, which is unclear today because technology is moving so fast and we’re all trying to catch up as much as possible” .

Al Mubarak is also optimistic about the future of artificial intelligence and the UAE’s ability to capitalize on its investment strategy.

“Demand will be extremely high in terms of enabling this technology. That means “the technology, the AI ​​enablement, which is the infrastructure side of it — be it energy, be it transmission, but also all kinds of technology, energy technology, that will help fuel this huge demand, I would also add to that data center expansion, chip expansion.”