Order aims to maximize potential and contain risks of artificial intelligence
- President Biden to sign executive order on AI safety and security standards
- Order requires industry to develop standards, introduces consumer protections
- Government aims to maximize AI’s potential while containing its risks
- Order builds on voluntary commitments by tech companies
- Order includes requirements for safety test sharing, labeling AI-generated content
- To-do lists within the order to be implemented over 90-365 days
- Biden prioritizes labeling and watermarking to combat false images and sounds
- U.S. perspective on AI safeguards as countries establish their own guidelines
- Pressure from labor and civil rights groups to address AI’s real-world harms
President Joe Biden will sign a sweeping executive order to guide the development of artificial intelligence (AI) by requiring industry to develop safety and security standards, introducing new consumer protections, and giving federal agencies an extensive to-do list. The order reflects the government’s effort to shape how AI evolves in a way that maximizes its possibilities and contains its perils. It builds on voluntary commitments already made by technology companies and includes requirements for safety test sharing and labeling AI-generated content. The order also addresses privacy, civil rights, consumer protections, scientific research, and worker rights. Biden’s order stakes out a U.S. perspective on AI safeguards as countries around the world establish their own guidelines. The government faces pressure from labor and civil rights groups to ensure that AI policies address the real-world harms of the technology.
Factuality Level: 8
Factuality Justification: The article provides a detailed account of President Biden’s executive order on artificial intelligence, including the goals, requirements, and potential risks associated with AI. The information is sourced from White House officials and includes specific actions and timelines outlined in the order. There is no apparent bias or opinion presented as fact.
Noise Level: 7
Noise Justification: The article provides information about President Biden signing an executive order on artificial intelligence, but it contains a significant amount of filler content and repetitive information. It also reinforces popular narratives about the risks and benefits of AI without questioning them. The article lacks scientific rigor and intellectual honesty, as it does not provide evidence or data to support its claims. Overall, the noise level of the article is high.
Financial Relevance: No
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: This news article does not pertain to financial topics and does not describe any extreme events.
Public Companies: Google (GOOGL), Meta (FB), Microsoft (MSFT)
Private Companies: OpenAI
Key People: Joe Biden (President), Jeff Zients (White House Chief of Staff), Bruce Reed (Deputy White House Chief of Staff), Suresh Venkatasubramanian (Former Biden administration official), ReNika Moore (Director of the ACLU’s racial justice program)
Reported publicly:
www.marketwatch.com 
