President Trump’s action revoking former President Biden's executive order on AI safety raises expectations for corporate boards to closely monitor technology risks.

President Trump’s executive order on January 23rd follows his repeal of Biden’s AI executive order, directing reviews of relevant work by federal departments and agencies.

Read about President Trump's executive order that directs the development of an AI action plan and revokes existing directives.

Biden's Executive Order 14110 of Oct. 30, 2023 was aimed at developers of "the most powerful" AI systems. It required reporting of potential AI risks and sharing of results of their red-team safety tests with federal agencies.

The order has ignited debate over the balance between fostering innovation and addressing critical issues such as privacy, security, and ethical standards.

The order calls for the development of an AI action plan and sets up a process for revoking actions taken under President Biden’s previous AI executive order signed in October 2023.

A newly signed executive order from President Donald Trump aims to establish and secure the nation’s position as a leader in artificial intelligence. An AI Action Plan is slated to follow.

Titled "Removing Barriers to American Leadership in Artificial Intelligence," this new order follows after Trump revoked the Biden Administration's 2023 AI safety order, which was intended to make sure these systems don't harm national security or humanity itself.