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On January 26, 2023, the National Institute of Standards and Technology (NIST) released the first version of the Artificial Intelligence Risk Management Framework (AI RMF).[1] The AI RMF is a voluntary resource meant to help organizations “manage the many risks of
On April 21, 2021, the European Commission proposed the Artificial Intelligence Act (AIA), a regulatory and legal framework for artificial intelligence systems.[1] On December 5, 2022, the Council of the European Union adopted its general approach to the AIA, which incorporated
[Updated: March 7, 2024] For many of us, Artificial Intelligence (“AI”) represents innovation, opportunities, and potential value to society. For data protection professionals, however, AI also represents a range of risks involved in the use of technologies that shift processing of
In 2021, the global artificial intelligence (AI) market was estimated to value between USD 59.7 billion and USD 93.5 billion. Going forward, it is expected to expand at a compound annual growth rate of 39.4% to reach USD 422.37 billion by 2028. However, as financial
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