The Office of Management and Budget (OMB) released a Memorandum this week to the heads of executive departments and agencies, providing guidance for the regulation of AI. The memorandum advises that the regulation of AI should be done cautiously. “Federal agencies must avoid regulatory or non-regulatory actions that needlessly hamper AI innovation and growth,” it reads. “Where permitted by law, when deciding whether and how to regulate in an area that may affect AI applications, agencies should assess the effect of the potential regulation on Al innovation and growth.”