NIST Publishes AI Risk Management Framework And Updates On Bias In AI

Advancements in artificial intelligence (AI) have led to a wide range of innovations in many aspects of our society and economy, including in a wide range of industry verticals such as healthcare, transportation, and cybersecurity. Recognizing that there are limitations and risks that must be addressed, AI has garnered the attention of regulators and legislators worldwide.

In 2020, Congress directed the National Institute of Standards and Technology (NIST) to develop an AI Risk Management Framework with the public and private sectors.  Last week, pursuant to its mandate, and following initial requests for information and workshops on AI it held in 2021, NIST released two documents relating to its broader efforts on AI. First, it published an initial draft of the AI Risk Management Framework on March 17. Public comments on the framework are open through April 29. In addition, the agency is holding a public workshop March 29-31.  Second, it updated a special