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President Biden is preparing to roll out a new executive order to closely monitor the implications of artificial intelligence (AI) and establish stringent rules governing its application across various federal sectors.

According to a draft of the order reviewed by multiple news outlets, “Artificial intelligence (AI) has extraordinary potential for both promise and peril. Responsible AI use has the potential to help solve urgent challenges making our world more prosperous, productive, innovative, and secure.”

The draft emphasized that its misuse could amplify societal issues like “fraud, discrimination, bias, and disinformation.” As such, the directive will mandate agencies to establish standards emphasizing data privacy and other core concerns, offering a more balanced approach to the rapidly progressing AI industry. This move is particularly significant as previous administrations’ attempts to regulate AI have faced criticism. The future order will also empower multiple agencies, allowing them to shape the industry’s trajectory.

While Congress has attempted to address AI risks, comprehensive measures have yet to be proposed.