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Utah Launches AI Policy Office ⚖️

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Utah Launches AI Policy Office to Shape Regulation. The Office of Artificial Intelligence Policy (OAIP) will study AI-related issues and collaborate with industry experts, academics, and regulators to find and implement best practices.

The OAIP’s first focus area will be the use of AI in healthcare, with a specific emphasis on mental health applications.

The establishment of Utah’s OAIP comes amid ongoing debates about the best path forward for AI regulation at both the state and federal levels. While a recent executive order from the federal government has helped spur action, many states are implementing their own safeguards and exploring sandbox environments as a testbed to examine model’s potential impacts.

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$15.7 Trillion: A New PwC Study

The AI Impact Index evaluated nearly 300 use cases to assess the potential impact of AI on personalization, quality, and time-saving at work. The researchers used machine learning and econometrics to quantify the impact of AI on productivity, job automation, and consumer utility.

In fact, according to the study Global GDP could increase by up to 14% in 2030, with AI contributing $15.7 trillion to the economy.

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