However, federal progress on AI legislation remains uncertain. President Donald Trump has indicated a preference for deregulation, revoking an executive order by former President Joe Biden aimed at mitigating AI risks. Trump also signed an executive order to suspend certain Biden-era AI policies. Meanwhile, companies like Anthropic and OpenAI have called for more targeted federal AI regulation, emphasizing the urgency of proactive risk prevention. Despite state-level efforts, comprehensive AI regulation akin to international frameworks like the EU’s AI Act has yet to be achieved in the U.S.
Key takeaways:
- Companies significantly increased their spending on AI lobbying at the U.S. federal level in 2024, with 648 companies involved compared to 458 in 2023, marking a 141% increase.
- OpenAI, Anthropic, and Cohere collectively spent $2.71 million on federal lobbying in 2024, more than four times their combined expenditure in 2023.
- Despite increased lobbying efforts, federal progress on AI legislation remains uncertain, with President Trump signaling a deregulatory approach and revoking Biden-era AI policies.
- State-level AI legislation saw some movement, with Tennessee, Colorado, and California taking steps, though comprehensive regulation akin to the EU's AI Act remains elusive.