Office of Artificial Intelligence Policy Amendments

1. **ONE-SENTENCE SUMMARY:** This bill establishes an Office of Artificial Intelligence Policy in Utah to oversee the development and use of artificial intelligence technologies. 2. **KEY REQUIREMENTS:** - Businesses using AI must ensure transparency in AI systems, including clear communication about how AI is used in decision-making. - Implement measures to protect consumer data and privacy when using AI technologies. - Conduct regular assessments of AI systems to identify and mitigate potential biases. 3. **DEADLINES:** - The bill becomes effective on January 1, 2024. - Compliance with the new requirements must be achieved by July 1, 2024. 4. **PENALTIES:** - Non-compliance can result in fines up to $10,000 per violation. - The state may also impose additional enforcement actions, including potential legal action. 5. **SMB IMPACT:** Small businesses that utilize AI technologies will need to adjust their operations to comply with transparency and data protection requirements, which may involve additional costs and training. However, these measures can enhance consumer trust and potentially lead to better customer relationships.