Trump Rejects Proposal for FINRA-Like AI Self-Regulatory Body

Elon Musk, Mark Zuckerberg, and Jensen Huang all opposed creating a FINRA-style self-regulatory body for the AI industry, and U.S. President Donald Trump ultimately decided not to establish it. According to Odaily, the proposal was put forward in July by Google DeepMind CEO Demis Hassabis and would have created an independent body to test frontier models for cybersecurity, biological, and deception risks up to 30 days before public release. It would have started as voluntary participation, could later have become mandatory, and would have been subject to government oversight.