NIST publishes AI Risk Management Framework
The U.S. Department of Commerce National Institute of Standards and Technology released its Artificial Intelligence Risk Management Framework 1.0 Jan. 26. Required under the National AI Act of 2020, the framework is the product of 15 months of work by NIST scientists who compiled public comments from more than 240 AI stakeholders through multiple listening sessions and workshops, while producing two previous drafts of the document last year. The framework is voluntary but will help organizations deploying AI systems to enhance their trustworthiness and reduce biases.