HEALTHCARE PROVIDERS WILL JOIN US PLAN TO MANAGE AI RISKS
Twenty-eight healthcare companies, including CVS Health (CVS.N), are signing U.S. President Joe Biden's voluntary commitments aimed at ensuring the safe development of artificial intelligence (AI). The commitments by healthcare providers and payers follow those of 15 leading AI companies, including Google, OpenAI and OpenAI partner Microsoft (MSFT.O) to develop AI models responsibly. Biden's government is pushing to set parameters around AI as it makes rapid gains in capability and popularity while regulation remains limited. "The administration is pulling every lever it has to advance responsible AI in health-related fields," the White House official said, adding AI carried enormous potential to benefit patients, doctors and hospital staff, if managed responsibly. Biden issued an executive order on Oct. 30 requiring developers of AI systems that pose risks to U.S. national security, the economy, public health or safety to share the results of safety tests with the government before releasing them to the public.
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