How Does NIST’s AI Risk Management Framework Affect You?

While the EU AI Act is poised to introduce binding legal requirements, there’s another noteworthy player making waves—the National Institute of Standards and Technology’s (NIST) AI Risk Management Framework (AI RMF) , published in January 2023. This framework promises to reshape the future of responsible AI uniquely and voluntarily, setting it apart from traditional regulatory approaches. Let’s delve into the transformative potential of the NIST AI RMF and its global implications. Global Impact of the NIST AI Risk Management Framework NIST, a respected entity within the United States…