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Market News

White House Issues Groundbreaking Executive Order on AI Use

Written By:
Kelvin Munene

Last updated: February 7, 2025 11:58 AM
Published October 30, 2023 5:08 PM
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Last updated: February 7, 2025 11:58 AM
Published October 30, 2023 5:08 PM
Does the White House Want to Kill Crypto Mining with a 30% Tax?

The White House has unveiled a comprehensive executive order to address the challenges and opportunities presented by artificial intelligence (AI). President Joe Biden’s administration seeks to establish a delicate balance between fostering AI innovation and ensuring stringent safeguards.

The executive order termed the most significant AI-related action taken by any government to date, underscores the urgency of keeping pace with rapidly evolving AI technologies. White House Chief of Staff Jeff Zients emphasized the need to act quickly, potentially even faster than the technology itself.

📍 President Joe Biden has taken the initiative to establish guidelines for generative AI through an executive order, anticipating the need for regulations from the legislative branch.

📍The executive order outlines eight key objectives:

– to create new standards for AI… pic.twitter.com/2aJq3Xpdhp

— Tech Labari (@TechLabari) October 30, 2023

The order encompasses various pivotal provisions:

1. Safety Testing Transparency: Developers of potent AI systems must share safety test results with the federal government before public release, particularly if the AI system poses national security, economic, or health risks. This measure prioritizes the safety of AI applications.

2. Skilled AI Workforce: The order aims to ease immigration barriers for skilled AI workers to study and work in the United States, recognizing the importance of attracting top talent in critical AI areas.

3. Preventing Dangerous AI Production: Standards will be established to thwart AI systems from generating hazardous biological materials, ensuring AI is harnessed for positive purposes.

4. Combating AI-Driven Fraud: The Commerce Department will develop guidance for watermarking AI-generated content, addressing concerns about fraudulent AI applications.

5. Government AI Use: The order outlines the government’s utilization of AI, emphasizing safety standards and measures to facilitate acquiring new technology to enhance efficiency and cost-effectiveness within agencies.

President Biden engaged with a diverse range of stakeholders, including global leaders, scholars, technology executives, and AI experts, to gain a comprehensive understanding of AI’s far-reaching consequences, whether advantageous or detrimental. The president’s primary objective is to protect consumers and national security, aiming to harness AI as a significant force for positive change.

Internationally, the United States is collaborating with allies through forums like the G7 and the United Nations to establish a global code of conduct for safe and reliable AI usage.

The White House’s executive order on AI regulation is a pioneering step in technology governance. This order sets a significant precedent in the global regulation of AI, emphasizing the importance of international cooperation in shaping the future of AI.

Also Read: Ex-White House Director Predicts $15T BTC Cap

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Artificial Intelligence (AI)
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Kelvin is former crypto journalist at The Crypto Times
By Kelvin Munene
Kelvin Munene is a seasoned crypto journalist who excels in news writing, analysis, trading, editorial services, and market research. With over 5 years of working with major publications in different roles, Kelvin has earned extensive experience in the Crypto space. A passionate blockchain enthusiast, Kelvin balances his extensive research with family time and football.

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