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-6.15810946040756E-05 4.61858209529254E-05 -0.000200138557463027 7.69763682548757E-05 -0.000415672388576854 0.000908321145408234 0.00146255099684386 0.00153952736509891
Stock impact report

Trump threatens funding for states over AI regulations [BNN Bloomberg (Canada)]

Meta Platforms, Inc. - Class A (META) 
Company Research Source: BNN Bloomberg
“We want to have one central source of approval,” Trump told reporters, flanked by top advisers, including Treasury Secretary Scott Bessent, arguing that 50 different regulatory regimes hamper the growth of the nascent industry. “To win, United States AI companies must be free to innovate without cumbersome regulation,” the order said, adding that the current patchwork of different regulatory regimes made compliance more challenging, especially for start-ups. Trump has embraced AI as a critical technology, working closely with U.S. companies to boost investment in a sector where China has also made great strides. But critics worry that unfettered development could leave Americans vulnerable. The order also reflects the Trump administration's broader attack against anti-discrimination efforts, taking aim at states such as Colorado that have sought to prevent discriminatory language from being embedded in AI models. Such efforts could result in “ideological bias” and produce fals Show less Read more
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