Biden Signs First Major AI Regulation Order, Kickstarting Wider Governance Efforts
-
President Biden signed an executive order in 2023 outlining AI safeguards, marking the first major step toward widespread AI regulation in the U.S.
-
More AI regulation is expected in 2024 as the technology continues advancing rapidly, posing challenges for regulators to keep up.
-
U.S. AI regulations could set international standards given America's leadership in developing the tech.
-
Sector-specific agencies and some states are also exploring AI policies, not just federal regulators.
-
Big tech companies like Microsoft could be best positioned to benefit from regulation that favors well-capitalized players.