The White House circulated a draft executive order in recent weeks to create a self-regulatory organization for frontier AI developers that would set industry standards. The plan has since stalled before reaching the president due to a lack of senior-level support, including opposition to the proposed model based on the Financial Industry Regulatory Authority (FINRA).
Former White House AI czar David Sacks described the FINRA-style approach as a "horrible idea," arguing it would create a government-linked approval queue that could benefit China. The proposal, based on a suggestion by Google DeepMind CEO Demis Hassabis and supported by Treasury Secretary Bessent, leaves a June voluntary testing framework as the current US mechanism for AI oversight.
Key sources
- SOURCE@andrewcurran_“progress has stalled due to internal opposition from David Sacks”x.com
- SUPPORT@wallstengine“oversee pre-release model testing and set standards for advanced AI developers”x.com
- SUPPORT@andrewcurran_“builds on a proposal by then-Google DeepMind CEO Demis Hassabis from July”x.com
- SUPPORT@mtslive“predicts models pile up in an approval queue, and says China wins”x.com
- SUPPORT@rohanpaul_ai“leaves the existing voluntary framework as Washington's current mechanism”x.com