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AI Risk Management Framework Concept Paper

This paper proposes a framework for identifying, measuring, and mitigating risks related to the use of AI across a variety of sectors and use cases. This risk management proposal addresses risks and oversight activities in the design, development, use, and evaluation of AI products, services, and systems. Its aim is to promote trust in AI-driven systems and business models while preserving flexibility for continued innovation. This paper is part of NIST’s effort to develop standards for trustworthy and responsible AI.