(Bloomberg) -- Over the past two years, the Biden administration struck a careful balance on artificial intelligence. The White House took steps to ensure the US stayed ahead of China in developing the technology while also trying to address some of AI’s many potential risks.In his first 24 hours back in Washington, Donald Trump sent a different message to the AI community: Just build.On Monday, Trump rescinded Biden’s sweeping executive order on AI. The move immediately halted the implementation of key safety and transparency requirements for AI developers. Some tech leaders attending the World Economic Forum in Davos praised his approach. Other experts warned against an AI world with fewer guardrails. Trump is expected to issue a new executive order on AI, but with a lighter touch.On Tuesday, Trump will appear at an event with tech executives to announce a new $100 billion AI spending spree led by SoftBank Group Corp., OpenAI and Oracle Corp, with a focus on physical infrastructure. And on the eve of taking office, Trump said that he would pave the way for “people with a lot of money” to invest in so-called “AI plants” to power data centers for artificial intelligence — with little concern for whether those energy sources are good or bad for the environment.With these early efforts, Trump is not only rethinking the US approach to AI but also moving further from Europe, setting up a clash of continents over how best to regulate AI and compete with China. The EU previously unnerved some leading AI companies by enacting tougher tech legislation on privacy and safety. By comparison, the Trump team has brought in prominent tech figures, including billionaire Elon Musk and venture capitalist David Sacks, to help shape its tech and AI policies.Exactly how hands-off Trump’s AI strategy ends up being may depend in part on Musk's role in influencing it. Musk has long held a nuanced view of the technology. While Musk has invested in AI through his startup, xAI, he’s also repeatedly warned that it poses an existential threat if not contained.A warm reception at Davos“It seems clear that the new administration is going to be encouraging of tech and tech growth,” Demis Hassabis, chief executive officer of Google DeepMind, said in an interview with Bloomberg News in Davos on Tuesday. “The administration is getting advice from the people who really understand what’s happening at the cutting edge.”Hassabis was one of many tech leaders in Davos who sounded cautiously optimistic about the early days of Trump’s second term and its implications for AI development.