US President Donald Trump’s light-touch regulatory approach to AI is receiving strong support from big tech companies such as Google and Meta as well as other industry players such as Microsoft-backed OpenAI and Amazon-backed Anthropic. In individual submissions to the White House’s AI Action Plan, these tech companies have largely argued that relaxing the rules around building large language models (LLMs) and other AI tools is pivotal in order to retain the country’s competitive edge over China. A few months ago, Chinese AI startup DeepSeek sent shockwaves across Silicon Valley after it claimed to have built a cutting-edge AI model...