The Trump administration is considering plans for an independent regulator to vet the safety of artificial intelligence models with industry input, after Silicon Valley leaders complained about the ad-hoc nature of recent US moves to slow the release of cutting-edge AI systems.
Treasury Secretary Scott Bessent helped develop the proposal, which would create an independent regulatory agency for AI that would report to the Securities and Exchange Commission, similar to the Financial Industry Regulatory Authority, according to people familiar with the matter. The plan is now being reviewed by White House Chief of Staff Susie Wiles, said the people, who spoke on condition of anonymity because it has not been made public.