Trump admin eyes FDA‑style AI approval before China
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- Kevin Hassett said the administration may issue an executive order creating an FDA‑style approval process for new AI models.
- Susie Wiles posted on X that the administration’s goal is rapid deployment of the safest technology to counter all threats.
- Scott Bessent advocated including banks in the forthcoming AI security framework, urging financial services participation.
- Google signed a pre‑deployment testing agreement with the Department of Commerce’s Center for AI Standards and Innovation, alongside xAI and Microsoft.
- Wall Street Journal reported that AI safety discussions could be added to the upcoming Beijing summit between Trump and Xi.
Why it matters: The administration’s move to consider an FDA‑style approval process and involve banks signals a shift toward tighter oversight, giving regulators and financial institutions a larger role while potentially slowing the rollout of powerful AI models for developers and could affect U.S. competitiveness in the AI race.
