Trump Taps Ex-SEC Chief Jay Clayton to Run New White House AI Task Force

The White House has set up a task force to assess the risks of artificial intelligence, according to the Wall Street Journal. Jay Clayton, who chaired the Securities and Exchange Commission during President Trump's first term, will lead the effort and is expected to deliver a report within 120 days. The task force signals that federal policy on AI oversight, something investors in large AI developers and chipmakers have watched for, is now moving onto a defined timetable rather than sitting in open-ended debate. A report due in four months gives companies and markets a concrete date to watch rather than a vague regulatory overhang. What the task force will actually recommend, and whether its findings lead to binding rules or just guidance, remains unknown. The WSJ report did not detail the task force's other members or its specific mandate beyond a risk assessment.