Implementing The NIST Artificial Intelligence Risk Management Framework – Govern

The National Institute of Standards and Technology (NIST) Artificial Intelligence Risk Management Framework, published in January 2023, was designed to equip organizations with an approach that increases the trustworthiness of AI systems and fosters the responsible design, development, deployment, and use of AI systems.¹

The NIST AI Risk Management Framework will serve as a foundational component when developing an AI regulatory compliance program that meets the requirements of emerging AI laws. We have previously written about the EU AI Act in an article titled "An Introduction to the EU AI Act," where we focused on applicability, timing, and penalties related to the EU AI Act. We also wrote about the requirements of Chapter 2 of the EU AI Act, titled "Requirements for High-Risk AI Systems."