What is Biden’s executive order to oversee AI and its investment? 20 Facts you must know

President of the United States, Joe Biden, issued an executive order on, October 30, 2023 (Monday), aimed at establishing new safeguards, governing, measurement, and investment in the use of Artificial Intelligence.  This US executive order on AI will also promote U.S. interests in the artificial intelligence field. The AI executive order — the first such U.S. regulation that explicitly aimed at artificial intelligence governance. How to Become an AI Scientist? Check Salary, Qualification, and Job Description

The US AI Executive Order came soon after the Stanford Foundation Model Transparency Index (FMTI) report on October 18, 2023, which severely alleged being less transparent on Top Artificial Intelligence (AI) companies of the world including Meta, BigScience, OpenAI, StabilityAI, Google, Anthropic, Cohere, AL21Labs, Infelection and Amazon. According to FMTI research findings, it is claimed that the AI model used by these top companies is becoming less transparent and researchers, policymakers, and the public find it very difficult to understand how these models work, as well as their limitations and impact.

US Artificial Intelligence Executive Order 2023 has been passed without Congress and Senate approval where they pass their legislation. The White House is storming ahead with an executive order to mitigate AI risks. 

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What are the top 20 facts about US AI Executive Order 2023? Why the White House Storming Ahead without Congress’s approval

FACT SHEET: President Biden Issues Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence: Download Official Factsheet – Document Here

New Standards for AI Safety and Security: With this Executive Order, the President directs the most sweeping actions ever taken to protect Americans from the potential risks of AI systems.

1. Require that developers of the most powerful AI systems share their safety test results and other critical information with the U.S. government.
2. Develop standards, tools, and tests to help ensure that AI systems are safe, secure, and trustworthy.
3. Protect against the risks of using AI to engineer dangerous biological materials.
4. Protect Americans from AI-enabled fraud and deception by establishing standards and best practices for detecting AI-generated content and authenticating official content
5. Establish an advanced cybersecurity program to develop AI tools to find and fix vulnerabilities in critical software
6. Order the development of a National Security Memorandum that directs further actions on AI and security

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Protecting Americans’ Privacy: To better protect Americans’ privacy, including from the risks posed by AI, the President calls on Congress to pass bipartisan data privacy legislation to protect all Americans, especially kids, and directs the following actions.

1. Protect Americans’ privacy by prioritizing federal support for accelerating the development and use of privacy-preserving techniques
2. Strengthen privacy-preserving research and technologies
3. Evaluate how agencies collect and use commercially available information
4. Develop guidelines for federal agencies to evaluate the effectiveness of privacy-preserving techniques

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Advancing Equity and Civil Rights: The Biden-Harris Administration has already taken action by publishing the Blueprint for an AI Bill of Rights and issuing an Executive Order directing agencies to combat algorithmic discrimination, while enforcing existing authorities to protect people’s rights and safety. To ensure that AI advances equity and civil rights, the President directs the following additional actions:

1. Provide clear guidance to landlords, Federal benefits programs, and federal contractors
2. Address algorithmic discrimination
3. Ensure fairness throughout the criminal justice system

Standing Up for Consumers, Patients, and Students: To protect consumers while ensuring that AI can make Americans better off, the President directs the following actions:

1. Advance the responsible use of AI
2. Shape AI’s potential to transform education

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Supporting Workers: To mitigate these risks, support workers’ ability to bargain collectively, and invest in workforce training and development that is accessible to all, the President directs the following actions.

1. Develop principles and best practices to mitigate the harms and maximize the benefits of AI for workers
2. Produce a report on AI’s potential labor-market impacts, and study and identify options for strengthening federal support for workers facing labor disruption

Promoting Innovation and Competition: The Executive Order ensures that we continue to lead the way in innovation and competition through the following actions.

1. Catalyze AI research across the United States
2. Promote a fair, open, and competitive AI ecosystem
3. Use existing authorities to expand the ability of highly skilled immigrants and nonimmigrants with expertise in critical areas to study, stay, and work in the United States

Promoting Innovation and Competition: The Executive Order ensures that we continue to lead the way in innovation and competition through the following actions.

1. Catalyze AI research across the United States
2. Promote a fair, open, and competitive AI ecosystem
3. Use existing authorities to expand the ability of highly skilled immigrants and nonimmigrants with expertise in critical areas to study, stay, and work in the United States by modernizing and streamlining visa criteria, interviews, and reviews.

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Advancing American Leadership Abroad: The Biden-Harris Administration will continue working with other nations to support safe, secure, and trustworthy deployment and use of AI worldwide. To that end, the President directs the following actions.

1. Expand bilateral, multilateral, and multistakeholder engagements to collaborate on AI
2. Accelerate development and implementation of vital AI standards
3. Promote the safe, responsible, and rights-affirming development and deployment of AI abroad to solve global challenges

Ensuring Responsible and Effective Government Use of AI: To ensure the responsible government deployment of AI and modernize federal AI infrastructure, the President directs the following actions.

1. Issue guidance for agencies’ use of AI
2. Help agencies acquire specified AI products and services
3. Accelerate the rapid hiring of AI professionals