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ARTICLE · 03 MAY 2024

Key Developments In Artificial Intelligence (AI) And Digital Health Signal Growing Federal Activity (Q1 2024)

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Digital health companies, investors, and other healthcare organizations should follow policy developments with a strategic lens towards their market opportunities for key potential growth ...

United StatesTechnology
Jodi G. Daniel
Jodi G. Daniel
Rebecca Messing Haigler
Rebecca Messing Haigler
Lidia Niecko-Najjum
Lidia Niecko-Najjum
Roma Sharma
Roma Sharma

Digital health companies, investors, and other healthcare organizations should follow policy developments with a strategic lens towards their market opportunities for key potential growth and risk mitigation.

Federal Regulatory and Executive Branch Updates

OMB Issues Policy Memorandum Establishing Agency Use of AI (March 28, 2024)

  • The White House Office of Management and Budget (OMB) issueda government-wide policy directing federal departments and agencies' use of artificial intelligence (AI), which was mandated by President Biden's Executive Order(EO) 14110, "Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence." The OMB memorandum establishes new agency requirements and guidance for AI governance, innovation, and risk management, including through specific minimum risk management practices for certain AI uses. Specifically, it requires each agency to designate a Chief AI Officer (CAIO) within 60 days of the date of the memorandum;

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