US government lays down first guidelines on AI usage

The US government wants to regulate the creation and use of artificial intelligence (AI), but it's treading carefully, not to hinder the development of this promising technology. In a Reuters report, it is being said that the White House proposed regulatory principles which should "limit the overreach of authorities". It also called upon the European Union (EU) to do the same. Detailing the plan, the White House said state agencies should "conduct risk assessment and cost-benefit analyses prior to any regulatory action on AI, with a focus on establishing flexible frameworks rather than one-size-fits-all regulation." Federal institutions should also "promote trustworthy AI" and "must consider fairness, non-discrimination, openness, transparency, safety, and security."