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President Donald Trump has signed an executive order mandating the development of an AI action plan within 180 days. The order is intended to rescind current AI policies seen as impeding American innovation and to evaluate existing regulations. As part of the initiative, the Stargate Project, introduced by Trump, will allocate $500 billion to AI infrastructure, potentially generating more than 100,000 jobs. This executive order marks a departure from President Biden's earlier AI regulations, signaling a more positive stance towards AI advancement.