Executive Order Strengthens Oversight of AI with Impacts to the Appraisal Profession

December 3, 2023

In response to the increased use and purchase of artificial intelligence (AI) and AI-enabled products, President Biden’s AI executive order (EO) instructs federal agencies to enact safeguards and protections in critical fields such as financial services and housing. To ensure the protection of critical infrastructure, the EO directs the Secretary of the Department of the Treasury to publish a report detailing best practices for financial institutions to manage cybersecurity risks related to AI within 150 days of the order.

Learn more about this topic by Amber A. Hay, Christopher L. Allen, Peter J. Schildkraut, and Trevor Kirby as published by Arnold&Porter on aronldporter.com.

Read the complete article here.

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