US Implements AI Regulations Amid Rising Concerns Over Job Loss, Misuse, and Security Risks

US President Joe Biden's executive order mandates AI safety and security standards, privacy protections, and assurance of equity in race of AI regulation, while New York City pioneers a detailed action plan for responsible AI use, despite concerns about potential misuse and job displacement.

President Joe Biden's new executive order establishes comprehensive AI regulations, focusing on safety and security, privacy protections, equity, civil rights, and innovation. It also promotes American leadership in AI and calls for AI governance.
New York City introduced an AI action plan, which prioritizes the responsible use of AI, despite criticisms over its potential misuse and risk of spreading misinformation.
Widespread concerns exist over AI's potential to automate jobs, with estimates suggesting up to 30% of work hours in the U.S. could be automated by the end of the decade due to generative AI.
As AI becomes increasingly intelligent, regulators will have to monitor potential risks, such as inaccuracies and data privacy breaches. Concerns also include the use of AI in warfare and its potential influence in elections through deepfakes and misinformation.
The executive order appeals for bipartisan support in Congress to pass data privacy legislation, signalling Biden's intention to pursue comprehensive AI regulation despite potential political roadblocks.