The Federal Housing Finance Agency appointed Tracy Stephan as its Chief Artificial Intelligence Officer, while she continues leading the Office of Financial Technology. Stephan will focus on identifying AI developments, managing risks, and promoting responsible innovation, aligning with President Biden's executive order.
Tracy Stephan's appointment aims to meet the criteria outlined in the executive order issued by President Joe Biden, emphasizing the need for safe, secure, and standardized evaluations of AI systems to mitigate risks. This establish a Chief AI Officer role signifies FHFA's dedication to adapting technological advancements for operational enhancement.
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