President Biden is delivering a speech on AI in California Tuesday afternoon after his administration pledged to take steps toward regulating and mitigating the risks of AI.
Haywood Talcove, the CEO of LexisNexis Risk Solutions' Government division, told Fox News Digital that he believes there will be over $1 trillion in artificial intelligence-assisted fraud if U.S. doesn't act quickly.
The White House said Tuesday it will soon take"decisive actions" to get ahead of the rapid advancement of"The White House Chief of Staff office is overseeing a process to rapidly develop decisive actions we can take over the coming weeks," a White House official said. "White House principals have met to discuss this issue 2-3 times a week in addition to ongoing daily work being done across the White House and agencies," the official added. "White House officials are also working on securing commitments from leading AI companies to combat challenges from the government and the private sector side.
It is part of an overall push by the White House to put guardrails up as AI continues to permeate more facets of everyday life, including the 2024 election cycle. A White House official noted that Biden took several recent steps toward regulating AI, including convening a meeting with top artificial intelligence CEOs at the White House and rolling out a blueprint for an
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