The big picture: In his first executive order on artificial intelligence (AI), President Biden is directing various federal agencies to identify the risks of the technology as well as harness the benefits. This includes establishing new standards for AI safety, security, privacy and usage.
Why it matters: The executive order addresses the rapid development of AI as well as its impact on businesses, the labor market and civil rights issues. While the executive order is an important step towards establishing responsible AI guidelines, future legislation and regulatory guidance is forthcoming and has the potential for significant impact across both public and private sectors. Organizations developing and leveraging AI should review the potential implications and consider and prepare for the impact on their business.
Go deeper: In this Flash Report, we highlight some of the most notable areas of the executive order and how organizations should evaluate the impact today, take action to support continued innovation and prepare for future requirements.
Read the results of our 2023 Global IT Executive Survey: The Innovation vs. Technical Debt Tug of War.