Union Budget 2024: Nirmala Sitharaman to Present Interim Budget on February 1, 2024 The anticipation is high as Finance Minister Nirmala Sitharaman gears up to present the interim budget on February 1, 2024. This marks her sixth consecutive budget presentation in the Parliament, making her the first finance minister to …
Read More »PM Kisan’s 15th Installment: Why Some Farmers Won’t Benefit This Diwali
PM Kisan Yojana 15th Installment: All You Need to Know The anticipation is growing for over 8 crore farmers in India as they await the 15th installment of the PM Kisan Samman Nidhi, a financial assistance scheme provided by the Central Government. Diwali, which falls on the 12th of November …
Read More »President Biden Signs Executive Order on Artificial Intelligence In a significant move, President Biden signed an executive order on Monday, signaling a decisive step towards regulating Artificial Intelligence (AI). This order aims to strike a balance between national security concerns and consumer rights while addressing the rapid evolution of modern technology companies. President Biden emphasized the importance of this order, stating that it represents one of the most critical actions taken on AI security and trust by any government. The Dual Nature of AI Before signing the order, President Biden highlighted the transformative power of AI and the associated risks. He expressed concerns about the dual nature of AI, acknowledging that while AI offers promises, it also poses significant threats. “AI surrounds us. To fulfill the promises of AI and safeguard against risks, we need to control this technology,” he stated. Ensuring Trustworthy and Beneficial AI So, what is the purpose of this executive order? It serves as an initial step to ensure that AI is dependable and helpful rather than misleading and destructive. The order provides directives on how AI should be developed, enabling companies to reap the benefits without compromising public security. Safety Testing and Information Sharing To achieve this goal, the order utilizes the Defense Production Act, mandating major AI developers to share safety test results and other information with the government. This information-sharing process is vital in creating standards for AI devices to guarantee their safety before they reach the public. The Need for Swift Technological Progress Jeff Zients, the Chief of Staff at the White House, remembered President Biden’s concerns during the drafting of the order. He stated, “We can’t afford to lag behind in government. We must run at least as fast as technology.” Addressing Delayed Attention to Social Media Risks The government has been slow to address the risks associated with social media, and this has now resulted in American youth grappling with mental health issues. AI can help rectify this situation. The Upsides of AI On the bright side, AI has enormous potential. It can expedite cancer research, model the effects of climate change, boost economic productivity, and enhance government services. The Risks and Challenges of AI However, AI can also distort fundamental principles, exacerbate social inequalities, and provide fraudsters and criminals with powerful tools. Conclusion In conclusion, President Biden’s executive order on Artificial Intelligence represents a critical step towards managing the complexities of AI. Striking a balance between fostering innovation and ensuring security is no small task, but this order signifies a promising beginning.
President Biden Signs Executive Order on Artificial Intelligence In a significant move, President Biden signed an executive order on Monday, signaling a decisive step towards regulating Artificial Intelligence (AI). This order aims to strike a balance between national security concerns and consumer rights while addressing the rapid evolution of modern …
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