Department Of Commerce news and trends

US and Great Britain Forge AI Safety Pact
artificial intelligence // April 02, 2024

The U.S. and U.K. have pledged to work together on safe AI development. The agreement, inked on Monday (April 1) by U.S. Commerce Secretary Gina Raimondo and U.K. Technology Secretary Michelle Donelan, will see the AI Safety Institutes of both countries collaborate on tests for the most advanced artificial...

NIST Says Defending AI Systems From Cyberattacks ‘Hasn’t Been Solved’
Artificial Intelligence // January 05, 2024

New technologies bring with them new opportunities — and new threats. As we enter the new year, many eyes are on the transformative potential of artificial intelligence (AI). Some of those eyes may belong to bad actors looking to take advantage of the attack vectors...

AI Needs Safety Standards and NIST Wants to Write Them
Artificial Intelligence // December 20, 2023

Despite its increasing popularity, generative artificial intelligence is still in its infancy. What happens now with the novel technology will be determined by what businesses and governments themselves do next. The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) took a key...

A Look at U.S. Initiatives on AI Use and Its Development
artificial intelligence // November 03, 2023

President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks.  Two days later, on Wednesday (Nov. 1), the Biden Administration followed up the executive order with...

Quick Reads
eCommerce Helps Fuel Unexpected Climb in Retail Sales

April 15, 2024
Retail sales climbed higher than anticipated in March, fueled in part by a jump in eCommerce. Data released Monday (April 15) by the U.S. Department of Commerce showed retail sales rising 0.7% month over month, and 4% since last year. The 0.7% figure exceeded the 0.3% forecast by Wall Street economists. The largest area of growth […]

US and Great Britain Forge AI Safety Pact

April 02, 2024
The U.S. and U.K. have pledged to work together on safe AI development. The agreement, inked on Monday (April 1) by U.S. Commerce Secretary Gina Raimondo and U.K. Technology Secretary Michelle Donelan, will see...

A Look at U.S. Initiatives on AI Use and Its Development

November 03, 2023
President Biden issued an executive order on Monday (Oct. 30) on artificial intelligence (AI) to ensure that America leads in harnessing the potential of AI while managing its risks.  Two...

BEA Reports 2.6% Growth in Real GDP in Q3

October 27, 2022
After dipping in the first and second quarters, real gross domestic product (GDP) rose at an annual rate of 2.6% in the third quarter, according to an “advance” estimate released...