Trump named venture capitalist David Sacks as his AI and cryptocurrency czar in December.

U.S. President Donald Trump on Thursday signed an executive order related to AI to "make America the world capital in artificial intelligence," his aide told reporters in the White House's Oval Office.

President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

Oracle founder Larry Ellison said the Stargate project, a joint venture with OpenAI and Softbank, will help to fuel the development of a cancer vaccine.

One further force promoting AI innovation could be defence spending. America puts only a tiny fraction of its $850bn defence budget into AI. Silicon Valley executives hope that the Trump administration will allow more participation by startups building AI weapons and systems in the competition for defence contracts.

Donald Trump axed all that yesterday as he signed a flurry of new executive orders. One of his first actions was to rescind 78 Biden-era executive actions, including Executive Order 14110 on “Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.”

Mr Trump’s hosting the next day of the launch of “the largest ai infrastructure project in history” shows he grasps the potential. But so does the rest of the world—and most of all, China. Even as Mr Trump was giving his inaugural oration,

Donald Trump made a symbolic mark on the future of artificial intelligence by repealing Joe Biden’s guardrails

Global equity funds gained a fourth weekly inflow in five weeks in the week through Jan. 22 spurred by optimism for U.S. Federal Reserve rate cuts following cooling inflation and President Donald Trump's plans for extensive AI infrastructure spending.

Former White House official Theresa Payton told Fox News Digital that President Trump's AI pledge could be a new "beacon" of U.S. technological progress.