Attention all corporate legal professionals, the regulatory landscape for Artificial Intelligence (AI) in the United States is about to transform significantly. President Joe Biden issued an executive order on October 30, 2023, marking a shift towards a more concerted, federally coordinated approach to regulating this disruptive technology.
As detailed by legal experts Ogletree, Deakins, Nash, Smoak & Stewart, the order, officially titled “Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence,” aims to guide the responsible development and implementation of AI.
The specifics contained within the order itself have yet to be thoroughly dissected by the legal community, however, this Executive Order serves as a stepping stone to the creation of a cohesive AI policy in the United States, an effort that has been seemingly fragmented until now.
This move by the White House indicates a nod towards stricter oversight of AI development by the federal government, which may have considerable implications for corporations currently using or planning to incorporate AI into their operations.
The full impact of this Order on the corporate landscape is yet to be seen, as the legal and business communities eagerly anticipate more detailed guidelines and clarifications in the upcoming months. Nonetheless, professionals in law and related fields should start preparing for a governmental framework that emphasizes safer, more secure, and more trustworthy developments in AI.