President Joe Biden has issued an Executive Order directing a number of sweeping actions to protect Americans from the potential risks of artificial intelligence (AI) systems.
In accordance with the Defense Production Act, the Order will require that companies developing any foundation model that poses a serious risk to national security must notify the government when training the model, and share the test results and other critical information with it.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.