Meanwhile, the EU has introduced its AI Act, and the NIST framework provides a potential standard for US businesses to align with European regulations. Although the framework is voluntary, it is seen as a significant step in US AI policy. Joel Meyer from Domino Data Lab noted that while President-elect Donald Trump might reverse Biden's AI initiatives, the AI Safety Institute within NIST is likely to remain. Morse emphasized the importance of engagement in shaping the future of AI policy in the US.
Key takeaways:
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- The US Congress is unlikely to pass federal AI legislation soon, so businesses should focus on the NIST AI Risk Management Framework as a guideline.
- State-level activity on AI regulation is increasing, with California, New York, Connecticut, Colorado, and Texas considering legislation.
- The NIST framework serves as a voluntary standard to manage AI risks and aims to harmonize US AI policy with European standards.
- There is uncertainty about the future of AI policy under the incoming Trump administration, but the AI Safety Institute within NIST might persist.