A grueling election cycle has come to a close, with Donald Trump poised to become the 47th president of the U.S. The effects of this shift will be acutely felt in the AI industry, which has largely rallied against federal policymaking. Trump has repeatedly said he plans to dismantle Biden’s AI policy framework on ‘day one’ and has aligned himself with kingmakers who’ve sharply criticized all but the lightest-touch regulations.
Forecast for 6 months: In the next 6 months, we can expect a significant shift in the AI regulatory landscape, with the Trump administration likely to repeal or modify Biden’s AI Executive Order. This could lead to a decrease in reporting requirements for companies developing powerful AI models, potentially allowing them to operate with more freedom.
Forecast for 1 year: In the next year, we can expect state governments to fill the regulatory void left by the federal government. This could lead to a patchwork of regulations across different states, potentially creating confusion and uncertainty for companies operating in the AI space.
Forecast for 5 years: In the next 5 years, we can expect the AI industry to continue to evolve and mature, with companies developing more sophisticated and trustworthy AI systems. However, the lack of federal regulation could lead to a lack of standardization and consistency in AI development, potentially creating security risks and biases in AI systems.
Forecast for 10 years: In the next 10 years, we can expect the AI industry to become increasingly globalized, with companies operating across borders and jurisdictions. However, the lack of international cooperation and regulation could lead to a lack of consistency and standardization in AI development, potentially creating security risks and biases in AI systems.
