The US Department of Treasury announced a public-private partnership plan to enhance cybersecurity and risk management in the field of artificial intelligence.

To support the President's Artificial Intelligence Initiative, the United States Department of the Treasury today announced a major public-private partnership program officially launched, aimed at strengthening the level of network security and risk management of artificial intelligence in the financial services sector. During February, the Treasury Department will release six guidance materials jointly developed with industry and federal and state regulatory agencies to help the entire U.S. financial system securely and robustly utilize artificial intelligence. US Treasury Secretary Janet Yellen said, "This administration has made it clear that the United States must take a leading role in the innovative application of artificial intelligence, and the financial sector is particularly critical to this. This work demonstrates that the government and industry can work together to promote the safe and reliable application of artificial intelligence, enhancing the resilience of the financial system."The Artificial Intelligence Executive Oversight Group was jointly established by the Financial and Banking Information Infrastructure Committee and the Financial Services Industry Coordination Committee, bringing together senior executives from financial institutions, federal and state financial regulatory agencies, and other key stakeholders. The parties are focused on addressing the shortcomings of the financial industry in the application of artificial intelligence, developing practical tools to help financial institutions manage the unique network security risks of artificial intelligence, and unleash innovation. Cory Wilson, Assistant Deputy Secretary for Cybersecurity and Critical Infrastructure Protection at the Treasury Department, said, "Through the Artificial Intelligence Executive Oversight Group, the Treasury Department works with public and private sector partners to develop practical tools that bring real change to the financial industry. These materials are designed to help all types of institutions, especially small and medium-sized ones, use artificial intelligence to strengthen their network defense and deploy artificial intelligence technology more safely."