Policy Backgrounders
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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

Former President

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Mitchell Barnes

Mitchell Barnes

Senior Economic Policy Analyst

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Publications

Data Privacy Legislation

Data Privacy Legislation

June 28, 2024 | Brief

AI Innovation: Balancing Automation and Empathy

AI Innovation: Balancing Automation and Empathy

May 22, 2024 | Newsletters & Alerts

Webcasts, Podcasts and Videos

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)

Future-Proofing the Workforce for the AI Era

April 18, 2024 12:00 PM ET (New York)

Upcoming Events

Press Releases / In the News

PRESS RELEASE

CED Provides Plan to Capitalize on AI While Safeguarding

June 25, 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

September 26, 2023

PRESS RELEASE

Survey: AI Usage for Marketers and Communicators

August 03, 2023

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