Jack element in communication with an electric motor and or generator

A drill bit comprising:

• a body intermediate a shank and a working face and comprising an axis of rotation;
• the working face comprising at least one cutting element and the body comprising at least a portion of a jack assembly;
• the jack assembly comprising at least a portion of a shaft disposed within a cavity formed in the body of the drill bit, the shaft comprising a distal end extending from an opening of the cavity formed in the working face;
• and
• the jack assembly also comprising an electric motor and/or generator;
• wherein the jack assembly is adapted to stabilize the drill bit by indenting the distal end into a formation;
• wherein the distal end of the shaft comprises a bias adapted to steer a tool string connected to the drill bit.