In his first executive order (EO) on artificial intelligence, President Biden is directing various federal agencies to identify the risks of the technology as well as harness the benefits. This is something to watch because the details will be important – regulatory and legislative changes are coming. Taking the suggested steps will help businesses futureproof themselves for forthcoming regulations and ultimately will help businesses better leverage the capabilities of AI.  

In this Flash Report, we summarize the key directives contained in the EO, address key takeaways and concerns for organizations to consider, and explore how businesses can prepare for changes in the AI regulatory landscape.