XBRL US responded to the Department of Commerce Request for Information on AI and Open Government Data Assets.
The XBRL US letter stated, "We agree with the Department of Commerce view that AI systems should be powered by data that is not just machine-readable and accessible, but that is 'machine-understandable'. Artificial intelligence has enormous potential but AI algorithms must leverage high-quality, unambiguously understood data to generate reliable, useful results. The path to providing data of high integrity and accuracy is through open, nonproprietary (free) data standards, an approach that has been successfully employed around the world."
Read more: XBRL US RE AI Ready Open Data Assets RFI DOC 2024 0007
