RAIDD Recap - Week 30
The U.S. rolls out an AI action plan, China showcases innovation under trade pressure, the EU sees Meta pushback on its AI code, global AI investment bubbles stir, and BRICS calls for UN-led AI governance.
RECAP
🇺🇸 U.S. unveils strategic AI Action Plan
President Trump’s administration launched a sweeping initiative titled “Winning the Race: America’s AI Action Plan”. It aims to deregulate AI, fast-track infrastructure like data centers and chips, and promote full-stack AI exports to allies. The plan also proposes limiting federal AI funding to states with restrictive regulations and discouraging what it brands as “woke” AI models.
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🇨🇳 Over 800 AI innovations showcased at Shanghai event
At the World AI Conference in Shanghai, more than 800 companies—including Huawei, Alibaba, Unitree, Tesla, Alphabet, and Amazon—displayed over 3,000 AI products despite U.S. export restrictions. Chinese Premier Li Qiang opened the event, underscoring China's ambition to be a global AI leader by 2030.
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🚫 Meta declines to sign EU AI Code of Practice
Meta has opted not to sign the EU’s voluntary Code of Practice for general-purpose AI, citing legal uncertainties and concerns about compliance overreach. While OpenAI has agreed to participate, Meta argues that current rules go beyond the scope of the AI Act and may stifle innovation.
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📈 Analysts warn of AI-driven investment bubble
Morgan Stanley estimates that global data center spending tied to AI could reach $2.9 trillion by 2028—up to $900 billion annually. Investors are already pouring billions into AI stocks, raising concerns that enthusiasm may be outpacing fundamentals.
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🌍 BRICS urges UN to lead AI governance efforts
The BRICS Summit in Rio concluded with leaders calling on the United Nations to take charge of global AI regulation. Their Rio Declaration stresses inclusive, sustainable AI governance and warns that without fair frameworks, the digital divide will deepen.
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