Under the Biden Administration, on October 30, 2023, the Executive Order on Safe, Secure and Trustworthy Artificial Intelligence (AI) was signed. This move has attracted significant attention from legal professionals across the globe – especially those advising technology firms and major corporations that are heavily invested in AI and machine learning technologies.
The Executive Order expresses the government’s commitment to advancing AI technologies that are secure, trusted, and remain beneficial to the public while respecting privacy, civil rights, and civil liberties.
Simultaneously, the Office of Management and Budget (OMB) published a Draft Memorandum providing guidance on the implementation of the Executive Order. The Draft Memorandum stresses the balance between technological advancement and maintaining user trust by managing risks that may arise from information systems, including those that incorporate AI.
This conversation is especially relevant for legal professionals counseling top corporations that handle extensive data and have vested interests in AI. Navigation of the executive order and the Draft Memorandum requires evaluating the compliance practices surrounding AI and data privacy.
For further understanding, the details of the Executive Order and OMB’s Draft Memorandum can be found here.
A comprehensive understanding of these pieces of regulation and guidance is crucial for legal professionals engaged with AI technology and data privacy. They have potent implications for the industry, as they shape the standards for safe and trustworthy AI deployment. As we continue to see evolutions in this space, staying updated on new developments will be a significant undertaking for all legal professionals.