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Investing.com - The Trump administration’s recently-announced "action plan" for artificial intelligence features "good intentions" but is marred by "lots of slow processes," according to analysts at Wolfe Research.
On Wednesday, the White House vowed to introduce rules which aim to make it easier and quicker for tech companies to build out the data centers that power the training of AI models.
A range of agencies, including the Federal Communications Commission and Federal Trade Commission, were also directed to seek out and scrap laws that could hinder or block the development or use of AI.
Federal guidelines were also put forward which push to ensure that AI developers with government contracts offer models free of what the White House has described as "woke" or biased ideologies.
President Donald Trump argued that the moves would help AI innovators by rewarding them with "a green light" rather than "red tape." Trump signed executive orders designed to initiate the first steps toward accelerating the construction of AI infrastructure in the U.S. and the export of American technology.
"We view this blueprint as a mix of good ideas with questions about implementation, and small-ball proposals that don’t matter to markets," the Wolfe Research analysts led by Tobin Marcus said in a note.
"We always say that these kinds of ’whole of government’ strategies tend to revolve around a few genuinely meaningful policies, plus a lot of token efforts from agencies scraping together any plausibly relevant action they can take under existing authorities—the policy equivalent of scrounging for change in the couch cushions."
They argued that the "most important topic" in the AI action plan revolves around permitting reform for the build-out of data centers, although they flagged that these projects still face possible delays and costs from "residual state [slash] local barriers and the threat of litigation at all levels."
Several major tech sector players, including Facebook-owner Meta Platforms (NASDAQ:META) and ChatGPT-maker OpenAI, have been lobbying Washington to help bolster the expansion of data centers, arguing that it will boost economic activity and aid the U.S.’s drive to stay ahead of China in the race to harness AI.