Actionable Guidance for High-Consequence AI Risk Management: Towards Standards Addressing AI Catastrophic Risks. (arXiv:2206.08966v2 [cs.CY] UPDATED)

Artificial intelligence (AI) systems can provide many beneficial capabilities
but also risks of adverse events. Some AI systems could present risks of events
with very high or catastrophic consequences at societal scale. The US National
Institute of Standards and Technology (NIST) is developing the NIST Artificial
Intelligence Risk Management Framework (AI RMF) as voluntary guidance on AI
risk assessment and management for AI developers and others. For addressing
risks of events with catastrophic consequences, NIST indicated a need to
translate …

ai risk management arxiv guidance management risk risks standards