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ARTICLE · 03 OCTOBER 2024

NIST's AI Guidance & Toolkits For U.S. Companies

Artificial Intelligence (AI) is transforming industries, enhancing consumer experiences, and advancing societal goals.

United StatesTechnology

Introduction

Artificial Intelligence (AI) is transforming industries, enhancing consumer experiences, and advancing societal goals. However, as AI's influence rapidly grows, so do the complexities of managing its risks — particularly around cybersecurity and privacy rights.

To guide organizations in navigating this evolving landscape, the National Institute of Standards and Technology (NIST) released critical frameworks and profiles designed to help companies manage the opportunities and risks posed by AI.

NIST's AI Risk Management Framework (AI RMF): A Voluntary but Essential Tool

NIST has been at the forefront of developing actionable frameworks for emerging technologies, and its AI Risk Management Framework (AI RMF) is no exception. This voluntary framework is intended to help companies incorporate trustworthiness and risk management considerations into the design, development, and deployment of AI systems.

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