U.S. President Trump will deliver a landmark speech next week articulating his vision for artificial intelligence development while outlining strategies to maintain America's global leadership in the field. This address, scheduled for July 23 and titled "Winning the AI Race," represents Trump's most significant policy statement on AI to date. Organized by White House AI and Crypto Lead David Sacks alongside "All-In" podcast co-hosts, the event will comprehensively introduce the administration's forthcoming AI Action Plan.
This initiative stems from an executive order signed by Trump shortly after his January inauguration, now in finalization stages under Sacks and White House technology advisor Michael Kratsios. The plan incorporates extensive industry feedback and will be formally released by month's end, followed by new executive orders to implement specific policies. During his second term, Trump aims to accelerate U.S. AI advancement through private sector investment incentives and streamlined energy permitting processes.
Trump's Pennsylvania visit this Tuesday will spotlight new investments in AI and energy infrastructure, reflecting his longstanding focus on the technology. Throughout his campaign, he pledged to dismantle "burdensome" regulations from the previous administration, promptly revoking a 2023 Biden-era order requiring AI safety testing and transparency reports. Instead, he directed Sacks to develop a new framework—the imminent AI Action Plan.
The administration solicited industry priorities last February, receiving detailed proposals from companies including OpenAI. OpenAI advocated for federal preemption of state-level AI regulations in exchange for voluntary model access enabling government security reviews. Elements of this proposal appeared in Trump's comprehensive tax and spending bill, featuring a controversial clause—later rejected by the Senate—that would have barred state AI legislation for a decade. Tech luminaries like Marc Andreessen and Joe Lonsdale strongly endorsed the measure.
Trump emphasizes that sufficient energy capacity remains critical for powering AI data centers, projected to consume 8.6% of U.S. electricity by 2035—a dramatic surge from today's 3.5%, according to BloombergNEF. His administration champions expanded coal, natural gas, and nuclear generation to support AI's explosive growth. Earlier this year, Trump unveiled a $100 billion AI data center initiative involving SoftBank Group, OpenAI, and Oracle (ORCL.US). Concurrently, the administration rescinded Biden-era export restrictions on AI chips, facilitating allies' access to advanced processors from Nvidia (NVDA.US) and AMD (AMD.US).
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