President Trump on Monday rescinded a Biden-era effort to regulate artificial intelligence.
Why it matters: Trump's action ushers in a new era putting innovation and competition above all else. Deregulation is now the name of the game.
AI is advancing at breakneck speed, and products have been released into the world with no guardrails.
What's inside: Former President Biden's AI executive order is one of nearly 80 others Trump rescinded.
The Trump administration has not offered new language.
Much of the Biden EO is already implemented across federal agencies, but a requirement for developers of the most advanced AI models to share the results of safety testing with the government is now gone.
