Explain NIST AI Risk Management Framework (AI RMF).

NIST AI RMF (Jan 2023) — voluntary US framework, 4 core functions: (1) Govern — culture, accountability structures, policies. (2) Map — context, AI system characteristics, intended use, downstream impacts. (3) Measure — quantitative + qualitative analysis of AI risks (bias, robustness, privacy). (4) Manage — prioritise risks, implement controls, monitor + adjust. AI RMF Profiles tailored for specific use cases (e.g., AI RMF Generative AI Profile released July 2024 covers LLM-specific risks). Adoption in India: many enterprises voluntarily adopt for cross-border alignment + as best practice baseline.

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Explain NIST AI Risk Management Framework (AI RMF).

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