The National Institute of Standards and Technology Artificial Intelligence Risk Management Framework (NIST AI RMF) emphasises the need for Trustworthy AI

The National Institute of Standards and Technology (NIST) has introduced the Artificial Intelligence Risk Management Framework (AI RMF). This framework is designed to guide organisations in understanding, assessing, and managing AI-related risks. It aims to ensure trust in the rapidly evolving technological landscape as more organisations integrate AI and automated systems into their processes to enhance efficiency. Additionally, regulators are refining guidance to protect the public considering these developments.

The AI RMF is beneficial for organisations at different stages of AI implementation. It can be used to shape, develop, deploy, or utilize AI technology, and to establish trustworthy AI and mitigate AI risks. The NIST AI Risk Management Framework (AI RMF) is created to incorporate trustworthiness considerations into the design, development, use, and evaluation of AI products, services, and systems. It seeks to manage risks associated with artificial intelligence (AI) and promote trustworthy and responsible development and use of AI systems.

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