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White House releases executive order on AI standards


President Joe Biden signed an executive order to establish new safety, privacy, and equity standards for artificial intelligence.

October 31, 2023 / By ICBA

President Joe Biden signed an executive order to establish new safety, privacy, and equity standards for artificial intelligence.

Details: Among its provisions, the executive order:

  • Requires AI developers to share their safety test results with the U.S. government.

  • Directs multiple federal agencies to develop standards, tools, and tests for AI systems, including assessing cybersecurity risks.

  • Directs the Commerce Department to establish standards for detecting AI-generated content to protect against fraud.

  • Orders a national security memorandum to develop further actions on AI and security.

More from ICBA: New ICBA blog posts separate AI hype from reality and spotlight what regulatory perceptions of AI will mean for community banks.

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