Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Trump plans to issue executive order to promote artificial intelligence development

Trump plans to issue executive order to promote artificial intelligence development

PANews2025/07/22 16:03
Show original

PANews, June 27—According to four sources familiar with the matter, the Trump administration is preparing a series of executive actions aimed at driving the expansion of artificial intelligence in the United States. The sources revealed that the measures under consideration include making it easier for power generation projects to connect to the grid and providing federal land for the construction of data centers needed to support the growth of AI technologies. According to Grid Strategies, a power industry consulting firm, U.S. electricity demand from 2024 to 2029 is expected to grow at five times the rate forecasted in 2022. A report from consulting firm Deloitte indicates that by 2035, the power demand from AI data centers could increase more than thirtyfold. The sources also disclosed that the government is considering prioritizing mature power generation projects in the grid connection queue. The executive orders would also authorize the Department of Defense and the Department of the Interior to allocate land under their jurisdiction for project construction. Additionally, the government is considering streamlining data center permitting by establishing a nationwide Clean Water Act permit, rather than requiring companies to apply for permits state by state. The White House is also considering designating July 23 as “AI Action Day.”

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Waiting for the final dip? Morgan Stanley: This round of correction may end with quality stocks catching up with declines

Morgan Stanley strategist Michael Wilson pointed out that the quality factor has risen by about 6% since mid-August, reaching a new 52-week high, while the equal-weighted S&P 500 index has fallen by nearly 4% over the same period. Currently, financial conditions have tightened to their highest levels since 2022, and the outperformance of large-cap stocks is masking a significant pullback in other individual stocks. He stated that medium-term corrections in the stock market often end with a catch-down in high-quality stocks.

华尔街见闻•2026/10/20 14:53
Waiting for the final dip? Morgan Stanley: This round of correction may end with quality stocks catching up with declines