Trump rescinds Biden executive order in AI regulatory overhaul.

President Donald Trump fulfilled a campaign promise by rescinding former President Joe Biden's executive order on AI regulation, which required developers to submit safety results to the federal government. The Trump administration appointed David Sacks as White House AI and Crypto Czar, signaling a lighter regulatory approach to AI innovation. State-level directives may fill the void left by federal oversight, potentially leading to increased complexity for businesses aiming for compliance. Global operations face impending enforcement of the European Union's AI Act, while U.S. business leaders may encounter AI oversight from antitrust and intellectual property protection watchdogs. [Extracted from the article]