Reva Schwartz explains the development and implementation of NIST's AI risk management framework, which was built over an 18-month collaboration with private industry, civil society, academia, and government agencies. Adoption and adaptation of the framework have been seen across various sectors, including private companies like Microsoft, and it has even influenced some state-level regulations. The framework was designed to be general and can be applied to various contexts such as financial industry, healthcare, and hiring. Speaker 1 also mentions that the resources are available online, and anyone can start implementing the framework today.
