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President’s Executive Order: Ethical and Secure AI Development

In an epoch-making step, President Biden has signed a comprehensive Executive Order to oversee and regulate the implementation and growth of Artificial Intelligence (AI ) Development across the United States. This move holds immense potential implications and intentions that warrant thorough examination:

  1. AI Safety and Security: Prioritizing National Safety and Public Security

The Executive Order focuses on stringent safety tests and documentation for AI technologies. Especially those with potential threats to national safety or public security.

  1. Privacy Safeguards: Assessing Data Usage for Ethical AI Development

Special attention is placed on maintaining privacy during AI development. The order calls for assessments of how agencies obtain and utilize commercially available data.

  1. Equity and Civil Rights: Mitigating Discrimination in AI Systems

Aimed at preventing discrimination and bias in AI systems, the order champions equitable practices, particularly within the criminal justice system.

  1. Consumer Protection: Shielding Consumers from AI-induced Harms

The order is designed to protect consumers from potential AI-induced harms while endorsing its advantages, especially in healthcare and education sectors.

  1. Workforce Impact: Recognizing and Addressing AI’s Impact on Labor Markets

Acknowledging the impact of AI on labor markets, provisions are made to support workers and minimize potential detriments.

  1. Innovation Promotion: Fostering a Competitive AI Development

The order sparks research and progress in AI, fostering a competitive environment and encouraging the influx of global talent through visa customizations.

  1. Global Leadership: Advancing International Partnerships on AI Development

Setting the course for advancing international partnerships on AI, the order aims to foster the worldwide safe and responsible use of AI.

  1. Government Use of AI: Guidelines for Ethical and Efficient Use

Establishing guidelines for the governmental use of AI. The focus is on rights protection, cost-efficiency, and swift hiring of AI experts.

While this Executive Order aims to confront many of the primary challenges linked to AI development and use, it is of utmost importance to ascertain that these rules are effectively implemented and fulfill their projected aims. Constant monitoring and evaluation of these rules’ effects will be necessary as they come into effect. In addition, maintaining a balance between fostering innovation and ensuring safety, security, and ethical considerations poses a considerable challenge in the rapidly evolving sector of AI.

The purpose of this order is to ensure that America leads the way in the development and management of artificial intelligence (AI). It requires new safety assessments and focuses on equity and civil rights. For more details, please check the White House Briefing Room.

Disclosures: Not investment advice. It should be assumed that Sarson Funds or its affiliated managers hold positions in all projects that are discussed. It is not possible to invest in any project directly through Sarson Funds, Inc. or its affiliated managers. Any investment product offered by managers affiliated with Sarson Funds should be assumed to be only available to Accredited Investors and subject to the individual terms and conditions of that offering including but not limited to those eligibility requirements associated with U.S. Securities Regulation D, section 506c. Talk with your financial advisor before making any investment decisions or have them contact Sarson Funds directly at info@sarsonfunds.com

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