On January 26, the National Institute of Standards & Technology (NIST) launched its first-ever risk management framework for artificial intelligence, AI RMF 1.0. The framework aims to help designers, developers, subscribers, and users to think more critically about the context and potential impacts of AI. The approach is flexible, structured, and measurable to maximize the benefits of innovation while reducing the likelihood and degree of harm.

The team at Michael Best can help you navigate the new framework, facilitate a self-assessment of existing or new AI systems using the framework, and establish a prioritized action plan to mitigate risks.