... In 2020, Congress directed the National Institute of Standards and Technology (NIST) to develop an AI Risk Management Framework with the public and private sectors. Last week, pursuant to its mandate, and following initial requests for information and workshops on AI it held in 2021, NIST released two documents relating to its broader efforts on AI. First, it published an initial draft of the AI Risk Management Framework on March 17. Public comments on the framework are open through April 29. In addition, the agency is holding a public workshop March 29-31. Second, it updated a special publication, Towards a Standard for Identifying and Managing Bias in Artificial Intelligence. While it is unclear whether NIST’s efforts will lead to a broader consensus or federal legislation on AI, the Federal Trade Commission (FTC) and state legislatures are already focused on it in the immediate term. ...
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