Donald Trump's anticipated return to the White House is expected to significantly impact AI policy and development, with analysts predicting a bullish market reaction for technology stocks, particularly in AI. Trump's fluctuating views on AI, from seeing it as a 'superpower' to expressing concerns about its implications, reflect the complexities of governance in this rapidly advancing field. As he prepares to repeal Biden’s executive order on AI, there are competing pressures within his administration, particularly between allies like Elon Musk and J.D. Vance regarding regulation. Meanwhile, concerns have arisen about the use of open-source AI models, notably the Llama model by Chinese researchers, prompting calls for stricter controls on U.S. AI exports. Analysts argue that while open-source AI carries risks, it also plays a crucial role in maintaining U.S. security interests. Overall, Trump's presidency is seen as favoring less regulatory oversight, which may accelerate AI innovation but also increase security risks associated with technological advancements.