PYMNTS.com October 4, 2024
The Office of Management and Budget (OMB) has released guidance to help federal agencies manage risk and performance when procuring commercially provided artificial intelligence (AI) products.
This guidance — provided in the “Advancing the Responsible Acquisition of Artificial Intelligence in Government” memorandum (M2418) — builds on an earlier guidance that was released in March, the OMB said in a Friday (Oct. 4) fact sheet.
While the earlier memorandum (M-24-10) introduced government-wide binding requirements for agencies focused on the use of AI, the new one helps agencies with the acquisition of the technology, according to the fact sheet.
“Agency acquisition of AI is similar in many respects to the purchase of other types of information technology, but it also presents novel...
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