This bill helps small businesses by providing them with tools and information to effectively use artificial intelligence. It aims to make AI more accessible and beneficial for various business sizes and types.
Small Business Artificial Intelligence Advancement Act This bill directs the National Institute of Standards and Technology (NIST) to develop or identify resources for small businesses to address concerns relating to the use of artificial intelligence (AI). Resources must be generally applicable, technology neutral, and based on relevant voluntary international standards, among other requirements. NIST must coordinate with the Small Business Administration with respect to the distribution of these resources. NIST must also review and update the resources at least biennially.