The field of Artificial Intelligence has grown in leaps and bounds over the last decade. The rapid development of AI technologies brings with it an equally rapid transformation of our communities, economies, and individual lives.As we integrate more of these AI systems into our world, we will need to consider the challenges and risks they pose to our society. Fortunately, the National Institute for Standards and Technology (NIST) has recently embarked on a project to do just that. NIST is currently developing a framework for assessing and managing the risks of developing and applying AI systems in collaboration with the global AI community.This week on The Buzz, host Colin Larsen is joined by Elham Tabassi, Chief of Staff at NIST's Information Technology Laboratory, to discuss some of the early results of this effort and some big ideas from the project's recent workshop.More about NIST's AI Risk Management Framework: https://www.nist.gov/itl/ai-risk-management-frameworkA summary of RFI responses can be found here.Session recordings from the first workshop: https://www.nist.gov/news-events/events/2021/10/kicking-nist-ai-risk-management-frameworkSubscribe on your favorite podcast platform to never miss an episode! For more from ACT-IAC, follow us on LinkedIn or visit http://www.actiac.org.Learn more about membership at https://www.actiac.org/join.Donate to ACT-IAC at https://actiac.org/donate. Intro/Outro Music: See a Brighter Day/Gloria TellsCourtesy of Epidemic Sound(Episodes 1-159: Intro/Outro Music: Focal Point/Young CommunityCourtesy of Epidemic Sound)

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