Policy Backgrounders
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you acknowledge our privacy policy and consent to the use of cookies. 

AI: The Next Transformation

Policy Backgrounders

CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.

Initiatives for Federal AI Framework

May 04, 2023

Two significant developments on artificial intelligence (AI) have recently been announced by the Biden Administration. On May 4, the White House announced a new initiative to promote responsible AI innovation in an effort to protect the rights and safety of users. The initiative directly follows the Commerce Department’s April 11, 2023 request which opened a 60-day comment period inviting suggestions for specific policy recommendations that would support the safe, transparent development of “trustworthy” AI for use by businesses and consumers.

  • The White House initiative includes funding for seven new AI research centers and promises a proposal from OMB on policy guidance for federal use of AI systems.
  • The Commerce Department is separately requesting comment on methods for regulatory assessment of AI models and sector-specific approaches.
  • Federal officials are seeking participation of the private sector, including leading AI firms, to help develop supervisory frameworks around AI development and usage.
  • While the federal government’s efforts to develop policies that support the responsible development of AI are welcomed and commendable, the challenge is a significant one given the pace of technological advances, the many unknowns by creators themselves on how generative AI algorithms work, and the rapid release and uptake by the public of these technologies before guardrails have been placed around them.

Download Committee for Economic Development

Authors

Dr. Lori Esposito Murray

Dr. Lori Esposito Murray

Senior Fellow for National Security & Managing Director of CEO Programs

Read Bio

Mitchell Barnes

Mitchell Barnes

Economist

Read Bio

search Icon
Newest First
search Icon
search Icon
filterMobImage

Publications

AI Innovation: Transforming Communication and Work

AI Innovation: Transforming Communication and Work

November 01, 2024 | Newsletters & Alerts

The critical factor holding AI back from its full potential

The critical factor holding AI back from its full potential

September 26, 2024 | Newsletters & Alerts

ChatGPT's new voice mode: Is this the dawn of AI companions?

ChatGPT's new voice mode: Is this the dawn of AI companions?

September 04, 2024 | Newsletters & Alerts

How AI is revolutionizing the fashion resale experience

How AI is revolutionizing the fashion resale experience

August 27, 2024 | Newsletters & Alerts

Webcasts, Podcasts and Videos

Labor Markets in Flux: The AI Influence

August 21, 2024 01:00 PM ET (New York)

AI for Marketing & Communications—the update

July 16, 2024 12:00 PM ET (New York)

Busting Myths about the Impact of AI on the Workforce

May 22, 2024 12:00 PM CET (Brussels), 06:00 PM SGT (Singapore)

Upcoming Events

Press Releases / In the News

PRESS RELEASE

CED Provides Plan to Capitalize on AI While Safeguarding Against Its Risks

June 25, 2024

IN THE NEWS

Alex Heil on AI Electricity Demand

June 20, 2024

PRESS RELEASE

Report: The Rise of AI Threatens to Explode US Electricity

June 13, 2024

BRIEF

Companies Cannot Afford to Lag Behind on Implementing AI

May 08, 2024

IN THE NEWS

OpenAI’s Unique Setup Led to Governance Debacle

November 22, 2023

PRESS RELEASE

AI's Disinformation Capabilities Threaten Presidential Election—Highlighting Nee

September 26, 2023

✕
hubCircleImage