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ARTICLE · 07 NOVEMBER 2023

Financial Services And The Biden Artificial Intelligence Executive Order

Hogan Lovells Cadwalader
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On October 30, 2023, the White House announced that President Biden had issued an Executive Order regarding artificial intelligence ("AI"). The Executive Order was accompanied by a Fact Sheet summarizing the eight policy...

United StatesFinance and Banking
Mercedes Kelley Tunstall
Mercedes Kelley Tunstall
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On October 30, 2023, the White House announced that President Biden had issued an Executive Order regarding artificial intelligence ("AI"). The Executive Order was accompanied by a Fact Sheet summarizing the eight policy goals on AI that the White House wanted to emphasize: 1) creating new standards for AI safety and security; 2) bipartisan privacy protections at the Federal level; 3) ensuring AI advances equity and civil rights; 4) ensuring consumers are benefited, and not harmed, by AI; 5) ensuring workers are protected and supported as AI develops; 6) promoting innovation and competition so that AI development can occur at large and small companies; 7) advancing American leadership in AI abroad; and 8) ensuring responsible and effective use of AI by the Federal Government. The White House previously issued an AI Bill of Rights in February 2023.

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