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Treasury Secretary Scott Bessent stated at the Economic Club of New York that China gaining the lead in AI is America's biggest risk, above safety and job concerns, and that AI policy and trade policy toward China are being managed together.
Venture capitalist David Sacks convinced President Trump to backtrack on signing an AI executive order, warning it could lead to mandatory regulations that would slow down the US AI industry in its race with China.
President Trump postponed a planned AI executive order, citing concerns that it could slow US AI companies while China is racing to catch up.