President Donald Trump speaks to members of the media at the White House before boarding Marine One in Washington, D.C, on July 15. The administration just announced its AI Action Plan to make the United States a global leader in AI technology. Photo by Al Drago/UPI | License Photo

July 23 (UPI) -- The White House unveiled its new AI action plan Wednesday to make the United States a global leader in the technology.

President Donald Trump's administration is cutting back AI regulation, making U.S. laws more friendly to Silicon Valley.

According to a statement on the White House's website, the key policies in the 28-page AI Action Plan include:

Exporting American AI: The Commerce and State departments will partner with industry to deliver secure, full-stack AI export packages -- including hardware, models, software, applications, and standards -- to America's friends and allies around the world.