White House draft executive order for FINRA-style AI self-regulatory body stalls amid opposition from former AI czar David Sacks
A White House draft order to create a FINRA-style self-regulatory body for frontier AI labs, built on ex-DeepMind CEO Demis Hassabis's idea, has stalled amid opposition from former AI czar David Sacks, per The Information and Digitimes.
A White House draft executive order to create a new self-regulatory organization for companies building frontier AI models has stalled amid internal opposition from David Sacks, according to The Information and Digitimes. The proposal builds on an idea floated in July by then-Google DeepMind CEO Demis Hassabis for a FINRA-style body to supervise AI labs. Sacks stepped down as the White House's AI and crypto czar in March, after reaching the 130-day limit for special government employees, and now co-chairs the President's Council of Advisors on Science and Technology, which focuses on AI, semiconductors, quantum computing and nuclear power. He remains influential on AI policy: in May, he made a last-minute phone call to President Trump that led to the postponement of a separate executive order requiring AI companies to share models with the government 90 days before release, warning it risked becoming a de facto licensing system. As of early September, the self-regulatory body proposal remains under internal White House discussion with no clear timeline, the second AI oversight plan in four months to run into Sacks' resistance.