H.R. 5784: Artificial Intelligence Wisdom for Innovative Small Enterprises Act

This bill, titled the Artificial Intelligence Wisdom for Innovative Small Enterprises Act or AI-WISE Act, proposes to amend the Small Business Act to enhance the understanding and use of artificial intelligence (AI) tools by small businesses. Below are the key components of what the bill aims to implement:

Creation of Educational Resources

The bill mandates the establishment and maintenance of educational resources and modules focused on AI for small business concerns. The Small Business Administration (SBA) Administrator is responsible for:

• Creating educational materials that provide information on AI tools.
• Making these resources publicly available through an existing online learning platform.

Contents of Educational Resources

The educational materials should cover a range of topics including:

• How AI models work, including their limitations and the implications for their outputs.
• Identifying if outputs are generated by AI.
• Staying updated on AI developments and policies.
• Best practices for engaging with AI tool providers.
• Identifying, evaluating, and managing AI-related risks.
• Ensuring user privacy with AI tools.
• Maintaining human oversight in decisions informed by AI recommendations.
• Recognizing tasks where AI can be effectively utilized.
• Determining if an AI tool meets the business's needs.

Accuracy and Maintenance of Information

The bill emphasizes that the information in these educational resources must be accurate and current. To ensure this:

• The Administrator must consult with experts, including those from the National Institute of Standards and Technology.
• An Advisory Working Group will be established to assist in identifying relevant and accurate content, made up of individuals with expertise in AI, small business outreach, and education.

Resource Partner Collaboration

The bill calls for collaboration with resource partners to disseminate information about the educational resources, which may include localized training materials tailored for specific communities.

Presentation and Accessibility of Information

Information provided through these educational resources should:

• Be actionable and easy to understand for small businesses.
• Not favor any particular AI model or tool over others.
• Be free from bias towards specific developers or entities providing AI models or tools.

Deadline for Implementation

The SBA Administrator is required to establish these educational resources and modules within 180 days after the enactment of the bill.

Compliance Clause

No additional funding is authorized to implement the provisions of this bill, indicating that the resources will need to be developed with existing budgets.

Definition of Artificial Intelligence

The bill refers to the definition of artificial intelligence as outlined in the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.

Relevant Companies

None found