In a significant development for legal practitioners and corporate entities alike, the White House Office of Management and Budget (OMB) released an important draft memorandum in the wake of the October 30, 2023 executive order on artificial intelligence (AI).
The directive, addressed to the heads of federal agencies, outlines the blueprint for the use of AI within their respective departments. In an era where the use of AI is increasingly embedded in our daily lives, this move signals the growing importance of governance in the AI sector.
The memo, coming from the OMB, prescribes the establishment of new requirements and guidance for AI governance. It also puts emphasis on the need for promoting innovation and managing associated risks, particularly in the areas of safety and privacy rights. Understanding these requirements is vital for all actors in the AI industry, making this memorandum of vital interest to legal counsel and firms that must navigate the changing legal landscape of AI.
The draft memo is clear – the implications for those in the technology sector are significant, but it also holds relevance for the wider professional community. Legal practitioners will need to become adept at interpreting and applying the requirements laid out in the memorandum.
The coming months promise a phase of adjustment and learning, as regulatory bodies, technology companies, and legal professionals grapple with the implications of this directive. The OMB’s move underscores the urgent need for awareness and attention to this rapidly evolving field.