{"id":78595,"date":"2023-10-30T16:35:28","date_gmt":"2023-10-30T20:35:28","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/biden-issued-ai-order-what-it-means-for-microsoft-google-and-amazon\/"},"modified":"2023-10-30T16:35:31","modified_gmt":"2023-10-30T20:35:31","slug":"biden-issued-ai-order-what-it-means-for-microsoft-google-and-amazon","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=78595","title":{"rendered":"Biden\u00a0Issued AI Order.\u00a0What It Means for Microsoft, Google, and Amazon."},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

The Biden administration on Monday issued the first U.S. executive order on artificial-intelligence technology. The sweeping order will bring AI systems from the likes of
\n Microsoft,<\/span>
\n Google, and
\n Amazon
\n under the scrutiny of a range of government departments and steer the sector away from a path of self-regulation.\u00a0<\/p>\n

The order requires developers of the most powerful AI systems to share safety-test results and other critical information with the U.S. government. The standards for testing will be developed by the National Institute of Standards and Technology,\u00a0<\/p>\n

\n

The government will also develop guidance for labeling AI-generated content and establish an AI-enabled cybersecurity program.\u00a0<\/p>\n

The order represents a step change from previous voluntary pledges made by companies including
\n Amazon.com
\n (ticker: AMZN),
\n Microsoft
\n (MSFT), Google-parent
\n Alphabet
\n (GOOGL), and
\n Meta Platforms
\n (META) among others.\u00a0<\/p>\n

\u201cThese are the most significant actions ever taken by any government to advance the field of AI safety,\u201d the White House said in a statement.\u00a0<\/p>\n

The U.S. and other national governments are racing to keep up with developments in AI, which has become a huge focus of corporate investment since the viral success of ChatGPT \u2014 the chatbot developed by Microsoft-backed OpenAI. <\/p>\n

Big technology companies are now competing to roll out more powerful AI models. Google has agreed to invest up to $2 billion in AI start-up Anthropic, The Wall Street Journal reported last Friday. That follows on from a separate commitment Amazon made last month to invest $4 billion in the company, which was founded by former OpenAI engineers in 2021 with the goal of developing rival generative AI models.<\/p>\n

The new requirements on safety testing are only likely to apply to big tech companies\u2019 next-generation AI systems, and not current versions, the Journal reported, citing government aides. <\/p>\n

It remains to be seen to what extent the order\u2019s requirements can be enforced without further authority from Congress. Alongside the order, the Biden administration called on Congress to pass bipartisan data-privacy legislation related to AI. <\/p>\n

\u201cWithout fresh resources provided by Congress, it\u2019s not clear that the federal government has the resources to assess the vastly complicated training process or the adequacy of red-teaming [security testing] and other necessary testing,\u201d said Paul Barrett, deputy director of the NYU Stern Center for Business and Human Rights. <\/p>\n

The order is also part of an international race to establish AI regulation, with the European Union pushing forward its own draft rules around the sector and China having already adopted strict controls on the technology. <\/p>\n

Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Biden administration on Monday issued the first U.S. executive order on artificial-intelligence technology. The sweeping order will bring AI systems from the likes of Microsoft, Google, and Amazon under the scrutiny of a range of government departments and steer the sector away from a path of self-regulation.\u00a0 The order requires developers of the most […]<\/p>\n","protected":false},"author":1,"featured_media":74790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-78595","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nBiden\u00a0Issued AI Order.\u00a0What It Means for Microsoft, Google, and Amazon. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Biden administration on Monday issued the first U.S. executive order on artificial-intelligence technology. 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