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AI Policy Under Trump: A Shift in Direction as Technology Advances

As Donald Trump prepares to return to the White House after defeating Vice President Kamala Harris in the 2024 election, the landscape of artificial intelligence (AI) has changed dramatically since his first term. With the rapid advancements in AI technology, some of the field’s top figures, including Elon Musk and Anthropic CEO Dario Amodei, predict AI could surpass human intelligence by 2026, while OpenAI’s Sam Altman has suggested that superintelligence may emerge in a few thousand days.

This rapidly evolving technology is poised to have significant implications for national security, the economy, and global power dynamics. Trump himself has expressed both admiration and concern about AI. In a June interview on Logan Paul’s podcast, he called AI a “superpower” with “alarming” capabilities. Like many in Washington, Trump views the development of AI through the lens of competition with China, which he considers the primary threat in the race for advanced AI.

However, there is a divide among Trump’s allies regarding the governance of AI. Musk has long warned of AI’s potential existential risks, while J.D. Vance, Trump’s vice-presidential running mate, sees such concerns as a tactic to push for regulations that would benefit large tech companies. These differing views will likely influence the direction of AI policy during Trump’s second term.

Undoing Biden’s AI Legacy

One of Trump’s first actions on AI is expected to be repealing President Joe Biden’s Executive Order on AI, signed in October 2023. The order sought to address AI’s potential risks to civil rights, privacy, and national security, while also fostering innovation and competition. Trump has pledged to overturn this order, calling it an obstacle to innovation and accusing it of promoting “radical leftwing ideas.”

Dan Hendrycks, executive director of the Center for AI Safety, notes that sections of the order addressing racial discrimination and inequality may not align with Trump’s priorities. While some experts have expressed concern about rolling back protections against bias, Hendrycks believes Trump may preserve other elements of the order, particularly those focused on national security. Samuel Hammond, senior economist at the Foundation for American Innovation, suggests that Trump could build on Biden’s approach to national security by expanding the Department of Homeland Security’s work on AI-related cybersecurity and safety risks.

The future of the U.S. AI Safety Institute (AISI), established under Biden to lead AI safety efforts, remains uncertain. While some within Trump’s camp may see the institute as an impediment to innovation, Hammond argues that most Republicans view the AISI as a valuable part of America’s leadership in AI.

As AI continues to evolve at a rapid pace, the policies implemented during Trump’s second term could play a pivotal role in shaping the technology’s future and its broader societal impact.

Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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