It’s AI Day in Washington, D.C., as President Donald Trump rolls out an “action plan” for artificial intelligence and gives a speech on the fast-growing field.

The President's long-awaited plan outlines dozens of steps aimed at establishing U.S. dominance in the technology.

President Donald Trump unveiled a new plan for the United States' dominance in the artificial intelligence race, and signed three executive orders to deliver on the plan.

On Wednesday, as promised, President Donald Trump released his AI Action Plan. The news comes after he repealed his predecessor Joe Biden’s 100-plus page executive order on AI just days into his term and pledged something new would be coming in July.

President Donald Trump on Wednesday unveiled a sweeping new plan for America’s “global dominance” in artificial intelligence, proposing to cut back environmental regulations to speed up the construction of AI supercomputers while promoting the sale of U.S.-made AI technologies at home and abroad.

The White House unveiled its new AI action plan to make the United States a global leader in the technology. It includes plans to export American systems.

The 23-page plan is broken down into three primary pillars that the Trump administration sees as key to speeding up AI development: “Accelerate AI Innovation,” “Build American AI Infrastructure,” and “Lead in International AI Diplomacy and Security.

Matthew F. Ferraro, partner at Crowell & Moring’s Privacy and Cybersecurity Group, joined "Forbes Newsroom" to discuss President Donald Trump's AI action plan.

The Trump administration’s new AI policy blueprint calls for limited regulation and lots of leeway for Big Tech to grow even bigger.