Participants in a Seattle roundtable on the Republican-led repeal of clean energy tax credits, from left: Gregg Small, executive director of Climate

Khoury, CEO of ON Semiconductor, joins CNBC's Money Movers to discuss President Trump's AI plan unveiled on Wednesday, what the plan means for the semiconductor industry, and more.

The US is preparing for a massive AI expansion.

The Trump administration released a new artificial intelligence blueprint on Wednesday that aims to loosen environmental rules and vastly expand AI exports to allies, in a bid to maintain the American edge over China in the critical technology.

Fake AI-generated photos and videos purporting to show Donald Trump and convicted sex offender Jeffrey Epstein socializing with underage girls have flooded social media, racking up millions of views,

Also: A deeper dive into the meme-stock craze and important trends for home buyers and sellers to learn about.