Key Points

The White House’s recent “AI Action Plan” lays out a blueprint for maintaining the U.S.’s role as the global leader in AI development and deployment. The plan’s multi-sector approach, led by government engagement, could create business opportunities across the economy.

Companies should review and track the various subsidies, tax breaks and other incentives that are proposed, and consider how they can take advantage of them if they are rolled out.

The plan sets relatively short timelines for government agencies to issue reports, make recommendations and promulgate rules on AI adoption, so companies need to be prepared to pivot quickly to capitalize on new opportunities as policy implementations are revealed in coming months.

During the Biden administration, boards of director

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