President Biden has rolled out a new plan aimed at enabling the U.S. to harness AI for national security purposes amid a global race that is seeing different countries scrambling to tap this new technology for their own interests. He outlined his plans in an NSM (National Security Memo) that centered on artificial intelligence, emphasizing that the U.S. government should be at the forefront of AI development in order to ensure that it is secure, safe and trustworthy.

He called upon American agencies to strengthen their supply chains of semiconductor chips, integrate considerations of AI into any new technology plans they have while also making it a priority to gather intelligence on any foreign entities making attempts to thwart the U.S. from taking the lead in artificial intelligence. A U.S. government official asserted that the country must out-compete its enemies and take steps to mitigate any efforts of enemies focused on leveraging AI against U.S. interests.

The memo from the White House underscored the need to deploy artificial intelligence towards protecting democratic values and human rights. The memo stressed that Americans should know when systems can be trusted to perform reliably and safely.

To attain the objective of ensuring safety, the memo from the White House stipulates that relevant agencies are expected to assess, monitor and then implement measures aimed at mitigating any risks that artificial intelligence is found to present in terms of triggering discrimination and bias, privacy invasion, abusing human rights and threatening the safety of groups or individuals.

Additionally, this directive calls for the creation of a framework through which the federal government can collaborate with its allies for purposes of ensuring artificial intelligence development happens in ways which conform to existing international regulations and laws while also safeguarding fundamental freedoms and human rights.

This memo comes as the U.S. government gears up for an expected intense intelligence and military competition between world powers. This competition is expected to prominently feature AI.

It should be noted that the recently published NSM isn’t the first action that the current U.S. administration has taken in relation to AI. Last year, the president issued an executive order to curb the risks posed by AI to workers, minority groups, national security and consumers. However, several civil rights organizations complained that the government isn’t being transparent about its use of AI, and the entities urged that stronger safeguards be incorporated within the NSM.

The growth trajectory of the artificial intelligence industry looks to be just beginning, and as private corporations, security agencies and other entities scramble to leverage these technologies, the demand for various minerals used to manufacture AI chips and other AI infrastructure is set to rise rapidly. Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) that produce these metals in favorable jurisdictions are well positioned to ride this boom and boost the shareholder value.

For more information, visit the company’s website at www.McEwenMining.com

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

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