President Biden's New Executive Order Addressing AI Misuse and Antitrust Concerns
By
Giovanni Rossi
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
President Biden has issued a new executive order directing his administration to create a new chief AI officer, track companies developing powerful AI systems, and adopt stronger privacy policies to guard against AI bias. The order also focuses on antitrust concerns, targeting the misuse of algorithms in fixing prices. With AI applications spreading rapidly, business leaders need to be aware of potential legal liabilities. Overall, the executive order aims to address the potential risks of AI while promoting its beneficial use in business and competition.