In a recent move, U.S. President Joe Biden signed an executive order aimed at addressing the potential harms associated with the misuse of artificial intelligence (AI). The order directs the administration to establish a new chief AI officer, monitor companies developing powerful AI systems, implement stronger privacy policies, and ensure the deployment of AI is free from bias. This initiative also includes the creation of safety guidelines and industry standards to govern the use of AI.
One of the key areas of focus highlighted in the executive order is the application of antitrust laws to combat AI-related abuses. Antitrust measures will be used to scrutinize various business practices, such as pricing strategies, mergers, and actions by dominant firms, particularly in the tech sector. The goal is to prevent anticompetitive behavior stemming from the misuse of algorithms and AI technologies.
