Washington, February 5: The AI Impact Summit 2026 is set to commence in India this month, featuring over 500 startups from 100 countries. A delegation from the United States, led by Policy Director Michael Kratsios, will attend the summit.
U.S. Treasury Secretary Scott Basset informed Congress that while the AI market has the potential to strengthen the economy, it also poses risks that require close monitoring.
The White House announced that Michael Kratsios, Director of the Office of Science and TECHNOLOGY Policy, will lead the U.S. delegation at the AI Impact Summit later this month. Kratsios plans to use the summit to provide updates on the Trump administration’s AI Exports Program, designed to connect the world with America’s tech stack through an executive order.
Other members of the U.S. delegation include Deputy Secretary of Economic Affairs Jacob Helberg, Deputy Secretary of Commerce for International Trade William Kimmitt, and Deputy Secretary of Commerce for Industry and Security Jeffrey Kessler.
Michael Kratsios expressed on the social media platform X, “I look forward to leading the U.S. delegation at the AI Impact Summit in India this month. The U.S. is setting the gold standard for AI innovation, and we want to share it with our global partners.”
Treasury Secretary Basset stated that AI is now one of the top four priorities for securing the financial system, alongside financial markets, cybersecurity, and regulatory modernization. He emphasized, “The Council prioritizes the responsible use of artificial intelligence to enhance financial stability.”
He noted that regulators are collaborating with public and private partners to improve resilience while monitoring risks across the system.
Basset added that AI is rapidly spreading in banks and financial markets, with firms utilizing it for risk management, compliance, and operations. “We are focusing on the issues that are most critical to the stability of the U.S. financial system, ignoring the noise,” he said.