Trump’s Big, Beautiful Handout to the AI Industry

The House of Representatives budget bill bans state-level AI regulations for the next 10 years .

The bill is the culmination of a shift in the industry's mindset about regulating AI .

Critics say the measure is a step backward and will not pass through the Senate .

The moratorium has sparked pushback from a bipartisan group of 40 state attorneys general and consumer groups.

A provision to spend $25 million on AI contracts to detect and recoup Medicare fraud worries AI skeptics.

The money for fraud prevention pales in comparison to other spending on AI .

The bill includes billions of dollars for the Pentagon and border security — a promising market for Silicon Valley -funded defense startups.

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