Artificial intelligence, or AI, is evolving rapidly, driving innovation across industries. With the benefits also come risks, driving the need to pave the way for responsible AI innovation. On Wednesday, Sept. 27, 2023, President Joe Biden disclosed during a meeting of the Presidential Council of Advisors on Science and Technology that an executive order to shape the future of AI innovation in the United States is likely to be released in the fall of 2023.

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The AI Bill of Rights as a Foundation  

While the details remain undisclosed, it is expected that any executive order on AI will build on existing frameworks, including the AI bill of rights designed to encourage tech companies to take steps to protect consumers, as well as the voluntary commitments by leading artificial intelligence companies to manage the risks posed by AI. Some of the companies that have so far signed the voluntary agreements include Google, OpenAI, Microsoft, Nvidia, Adobe and IBM.

Regulating Advancements In AI – What Could An Executive Order Aim For?

• Responsible AI Innovation: The order will likely seek to position the U.S. as a leader in responsible AI innovation, focusing on ethical development and deployment. It can be expected to aim to achieve a balance between AI innovation and responsible regulation.
• Regulating AI in Federal Agencies: The order may enforce AI regulations and ethical standards in federal agencies.
• Privacy and Data Security: Expect provisions safeguarding personal data in AI applications.
• AI Research: Impact on government-funded and private sector AI research and development.

International Collaboration On Regulating Advancements In AI

Earlier in the month, President Biden had at the United Nations General Assembly emphasized the importance of international cooperation to ensure that AI serves as a force for good and does not become a tool of oppression. He underscored the need to strengthen rules and policies that prioritize AI safety before its public deployment, so this transformative technology can be governed, rather than letting it govern society.

Conclusion

Across the stakeholder divide, there is agreement that the government needs to play a pivotal role in regulation, as advancements in AI continue to impact various sectors. A lack of adequate regulation poses a threat in itself, and the release of an executive order on AI could play a crucial role in defining how the risks with widespread use of AI technology should be mitigated.