On October 30, 2023, President Biden issued an executive order (EO) to set new standards for the safety and security of Artificial Intelligence (AI). The move sets out the government’s intentions to regulate and further advance the growth of AI technology in the years ahead.
Yet the question remains if it goes far enough to protect the American public from AI’s exponential development — and if it does, will this stance from the president’s office stifle the nation’s ability to remain the leading force in AI’s evolution?
What the executive order means for the future of AI
Since the middle of 2022, AI has quickly infiltrated almost every industry. The rapid evolution in AI technology has led to a huge boom in business opportunities and new jobs — early reports suggest AI could contribute nearly $16 trillion to the global economy by 2030.
But many fear the impact this evolving tech may have on individuals and industries alike. The executive order is the Biden administration’s first significant step in countering any negative repercussions of AI.
White House Deputy Chief of Staff Bruce Reed claims, “It’s the next step in an aggressive strategy to do everything on all fronts to harness the benefits of AI and mitigate the risks.”
Key inclusions of this executive order
The lengthy document provides a sweeping set of regulatory principles. This new executive order is ambitious, outlining the government’s intentions to use AI to achieve several key goals:
New standards for AI safety and security
Protecting the American public’s privacy
Advanci ..
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