NIST Issues AI Risk-Management Guidance

Go-To Guide:

• Organizational AI development and deployment within runtime systems
• Risk-based AI identification and mitigation
• AI-related consensus standards to provide guidance and cooperation across the world

On July 26, the U.S. government's National Institute of Standards and Technology (NIST) issued four guidance documents – three final versions and one draft open to public comment – related to artificial intelligence development and implementation. Each was issued pursuant to instructions under the Biden administration's AI Executive Order 14110, which directed several U.S. government agencies to promulgate guidance and regulations with respect to safe, secure, and trustworthy AI. The first guidance document, titled "Artificial Intelligence Risk Management Framework: Generative Artificial Intelligence Profile" (RMF GAI), describes and defines risks associated with generative AI (GAI) and how organizations can govern, manage, and mitigate such risks.