Overview

• Over 200 leading firms, including OpenAI, Google, and Microsoft, have joined the Biden-Harris AI Safety Institute Consortium to address AI safety and trustworthiness.
• The consortium, led by the U.S. Secretary of Commerce Gina Raimondo, will develop guidelines for AI risk management, safety, and security, following President Biden's executive order.
• Participants include a wide range of stakeholders from big tech companies to academia and civil society, aiming to set federal standards for AI deployment.
• The initiative seeks to balance the advancement of AI technology with the need for safety and responsible use, amid concerns over national security, privacy, and misinformation.
• The consortium represents a significant step by the U.S. government to formally regulate AI development, complementing efforts by other entities like the European Parliament.