White House Announces OMB Policy for AI Risk Management

Summary
On March 28, 2024, Vice President Kamala Harris announced that the Office of Management and Budget (OMB) is issuing a government-wide policy to mitigate the risks of AI. The new policy directs the following actions:
• Federal agencies must address the risks from the use of AI through measures such as AI testing.
• Federal agencies must improve transparency in their use of AI by releasing several forms of AI-related data.
• Federal agencies are encouraged to safely experiment with the use of generative AI.
• Federal agencies must grow their AI workforces, with the goal of hiring 100 AI professionals by summer 2024.
• Federal agencies must designate Chief AI Officers and establish AI Governance Boards to ensure the proper leadership and oversight of AI efforts. OMB’s policy also includes an announcement that federal agencies have completed all of their 150-day actions assigned by the AI Executive Order.