President Biden’s Executive Order

President Biden issues Executive Order on “safe, secure, and trustworthy Artificial Intelligence.” [via the White House]. The White House said that the Order “establishes new standards for AI safety and security, protects Americans’ privacy, advances equity and civil rights, stands up for consumers and workers, promotes innovation and competition, advances American leadership around the world, and more.” The Whitehouse said that the Order will also “Require that developers of the most powerful AI systems share their safety test results and other critical information with the U.S. government.” At this time, it is unclear what enforcement mechanism is implicated by the Order, and Congress has not taken action on AI standards.

Additional articles:

• FACT SHEET: President Biden Issues Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence. [via the White House]

• Biden executive order on ‘trustworthy’ AI: What HR needs to know. [via Human Resource Executive]

• Three things to know about the White House’s executive order on AI: Experts say its emphasis on content labeling, watermarking, and transparency represents important steps forward. [via MIT Technology Review]

Other News

• SEC Charges SolarWinds and Chief Information Security Officer with Fraud [via the SEC]. The complaint alleges software company misled investors about its cybersecurity practices and known risks.

• Judge pares down artists' AI copyright lawsuit against Midjourney, Stability AI [link to Judge Orrick’s Decision]

• Here's a New Plan to Rein In the Gilded Tech Bros [via Wired]

• Crypto billionaire's nonprofit buys $500 million of AI data center chips [via Reuters]

• Sam Bankman-Fried testifies he thought hedge fund could cover $8 billion debt to FTX [via Reuters]