In the era of generative AI, the legal profession faces the challenge of navigating a complex and rapidly evolving regulatory landscape. Olga V. Mack, Humira Noorestani, and Kassi Burns outline how the National Institute of Standards and Technology (NIST) provides essential resources for developing robust AI governance programs. These initiatives are crucial as the EU AI Act and various U.S. AI-related laws come into effect, emphasizing the need for comprehensive compliance and ethical standards in AI deployment.
Key Points and Learning Outcomes:
- AI Glossary: NIST’s comprehensive glossary provides clear definitions of over 700 AI-related terms, serving as an invaluable resource for legal professionals to accurately navigate AI litigation, regulation, and policymaking.
- AI Risk Management Framework (AI RMF): The AI RMF offers voluntary guidelines to help organizations build trust in AI technologies, emphasizing governance, risk mapping, measurement, and management. It aids lawyers in advising clients on ethical and legal compliance in AI system development.
- AI RMF Playbook: This detailed guide builds on the AI RMF, providing actionable steps for organizations to mitigate AI risks and establish trust. Legal professionals can use it to draft precise policies and compliance documents that align with best practices in AI governance.
- AI RMF Crosswalks: These crosswalks align NIST’s AI RMF with other established frameworks, enabling legal professionals to compare and integrate multiple standards into comprehensive AI governance strategies, thereby minimizing legal risks.
- AI Safety Institute: Launched following the AI Executive Order, the Institute and its Consortium provide deep insights into AI risks and standards. The working groups focus on critical topics like generative AI risk management, offering valuable resources for developing AI governance programs.
Read the full article on PLI PLUS here for a deeper understanding of how NIST’s initiatives can enhance your AI governance strategies.
