28 August 2026
White House stalls AI developer self-regulation executive order
First reported
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- A draft executive order proposing frontier AI developers regulate themselves modeled after financial industry oversight has not gained traction with senior officials or the president.
- The proposal, influenced by Demis Hassabis (CEO of Google DeepMind), would create a self-regulatory system similar to how Wall Street operates under FINRA, a regulatory authority (independent organization that sets industry rules).
- The order has stalled without movement toward adoption, leaving unclear whether the administration will pursue this approach to AI governance.
How it was covered
TransformerShakeel Hashim
A draft executive order for a frontier AI developer self-regulation regime based on Demis Hassabis' Financial Industry Regulatory Authority model circulated the White House but has stalled in attempts to gain buy-in from senior officials and the president.