India, July 24 -- America's biggest technology companies welcomed the Trump's administration's new Artificial Intelligence plan which pushes for less red tape and a freer hand for firms developing AI.

"AI is the birthright of the country that harnessed the atom and put a man on the moon. With today's AI Action Plan, the Trump Administration has written the source code for the next American century. Palantir is proud to support it," reads a press release from the Denver-based company, which works closely with the US government on a number of key defence and intelligence related projects.

Speaking on Wednesday, Donald Trump made clear that the plan's objective was to place America in the best position to win the AI race.

"America is the ...