AI RISK MANAGEMENT FRAMEWORK

On April 29, 2024, NIST released a draft publication based on the AI Risk Management Framework (AI RMF) to help manage the risk of Generative AI. The draft AI RMF Generative AI Profile can help organizations identify unique risks posed by generative AI and proposes actions for generative AI risk management that best aligns with their goals and priorities. Developed over the past year and drawing on input from the NIST generative AI public working group of more than 2,500 members, the guidance centers on a list of 12 risks and more than 400 actions that developers can take to manage them. More information is available here. On April 30, 2024, NIST posted a crosswalk between the NIST AI Risk Management Framework (AI RMF) and the Japan AI Guidelines for Business (AI GfB.) 

Reference:

National Institute of Standards and Technology. (n.d.). AI Risk Management Framework. NIST. Retrieved May 14, 2024, from https://www.nist.gov/itl/ai-risk-management-framework

Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

Section 1. Purpose. Artificial intelligence (AI) holds extraordinary potential for both promise and peril. Responsible AI use has the potential to help solve urgent challenges while making our world more prosperous, productive, innovative, and secure. At the same time, irresponsible use could exacerbate societal harms such as fraud, discrimination, bias, and disinformation; displace and disempower workers; stifle competition; and pose risks to national security. Harnessing AI for good and realizing its myriad benefits requires mitigating its substantial risks. This endeavor demands a society-wide effort that includes government, the private sector, academia, and civil society.

My Administration places the highest urgency on governing the development and use of AI safely and responsibly, and is therefore advancing a coordinated, Federal Government-wide approach to doing so. The rapid speed at which AI capabilities are advancing compels the United States to lead in this moment for the sake of our security, economy, and society.

In the end, AI reflects the principles of the people who build it, the people who use it, and the data upon which it is built. I firmly believe that the power of our ideals; the foundations of our society; and the creativity, diversity, and decency of our people are the reasons that America thrived in past eras of rapid change. They are the reasons we will succeed again in this moment. We are more than capable of harnessing AI for justice, security, and opportunity for all.

Reference:

Executive Office of the President. (2023, October 30). Executive order on the safe, secure, and trustworthy development and use of artificial intelligence. The White House. Retrieved from https://www.whitehouse.gov/briefing-room/presidential-actions/2023/10/30/executive-order-on-the-safe-secure-and-trustworthy-development-and-use-of-artificial-intelligence/