- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-16T20:29:00
Microsoft and Indeed stepped up to adopt new artificial intelligence principles put forth by President Joe Biden, while leading senators took a step toward crafting AI legislation.
On Thursday, the White House announced AI implementation principles for businesses and organizations that included having clear governance systems, procedures, human oversight, evaluation processes, and transparency in the workplace to ensure workers are informed, have input into development, and that the technology is created and trained to protect them.
“The principles are not intended to be an exhaustive list but instead a guiding framework for businesses,” the White House said in a statement. “AI developers and employers should review and customize the best practices based on their own context and with input from workers.”
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Warning of an “eventual reckoning” on artificial intelligence use by financial institutions, the acting head of the Office of the Comptroller of the Currency said the industry should learn lessons on how similar disruptive technologies evolved from being helpful to dangerous.
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