President Donald Trump signed an executive order Thursday issuing a single regulation framework for artificial intelligence, undermining the power of individual states.

"To win, United States AI companies must be free to innovate without cumbersome regulation," the order says. "But excessive State regulation thwarts this imperative."

The Trump administration, with the aid of AI and crypto czar David Sacks, has been pursuing a path that would allow federal rules to preempt state regulations on AI, a move meant to keep big Democratic-led states like California and New York from exerting their control over the growing industry.

Sacks and fellow tech investor and podcaster Chamath Palihapitiya stood beside Trump during the signing in the Oval Office. He was also joined by Sen. Ted Cruz

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