- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-10-30T22:55:00
Companies that design powerful artificial intelligence systems must perform safety tests on the programs and share results with the U.S. government under a sweeping executive order intended to make AI safe while furthering robust innovation.
The executive order released Monday will direct multiple government agencies to issue standards and guidance regarding AI systems, according to a Biden administration fact sheet.
The order responds to calls from Big Tech, consumer advocates, and others for guardrails about how AI can and should be used, especially generative AI. Congress has held numerous hearings and a well-publicized forum about AI but has yet to move ahead with comprehensive legislation. Meanwhile, the European Union is expected to finalize its AI Act by the end of the year.
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Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
The era of artificial intelligence adoption is testing the old ways of doing compliance, underscoring the need for continuous monitoring. Compliance isn’t a one-and-done activity, but sometimes organizational incentives and goals fail to prioritize the importance of this.
While companies are exploring and building artificial intelligence technology, lawmakers and regulators are trying to identify what ground rules they need to set. These guardrails are what companies and governments alike believe are essential parts of ensuring safe and responsible use of the technology.
