Project Updates: December 2024
A maturing global AI risk taxonomy used by governments and companies could serve as a reference point for Australian agencies developing or reviewing AI risk frameworks.
Key points
- MIT AI Risk Repository has reached 90,000 users since August 2024, with governments and companies using it globally.
- A new AI Risk Index project launches Q1 2025 to evaluate organisational responses to high-priority AI risks and identify gaps.
- Australian authors are among contributors to the Repository's frameworks, giving it some direct AU relevance.
Summary
MIT's AI Risk Repository has grown significantly since its August 2024 launch, with 90,000 website hits and adoption by governments and major companies for AI risk work. Thirteen new frameworks were added in December 2024, including contributions from Australian authors. A new AI Risk Index project, commencing Q1 2025, will systematically document and evaluate how key AI ecosystem actors — developers, deployers, and regulators — are responding to priority AI risks, aiming to improve coordination across the sector. The team is seeking expert collaborators and funding, and is exploring crosswalks between its taxonomies and frameworks such as NIST AI RMF and the EU AI Act.
Implications for Australian agencies
- Monitor APS AI governance teams may want to monitor the AI Risk Index outputs from Q1 2025 as a cross-jurisdictional benchmark for evaluating organisational AI risk responses.
- Consider Agencies developing or updating internal AI risk taxonomies could consider whether the MIT Repository's classification system offers useful reference material, particularly as crosswalks with NIST and EU AI Act are developed.
Implications are AI-generated. Starting points, not advice.
"Project Updates: December 2024" Source: MIT AI Risk Repository – Blog Published: 30 December 2024 URL: https://airisk.mit.edu/blog/december-2024-update MIT's AI Risk Repository has grown significantly since its August 2024 launch, with 90,000 website hits and adoption by governments and major companies for AI risk work. Thirteen new frameworks were added in December 2024, including contributions from Australian authors. A new AI Risk Index project, commencing Q1 2025, will systematically document and evaluate how key AI ecosystem actors — developers, deployers, and regulators — are responding to priority AI risks, aiming to improve coordination across the sector. The team is seeking expert collaborators and funding, and is exploring crosswalks between its taxonomies and frameworks such as NIST AI RMF and the EU AI Act. Implications for Australian agencies: - [Monitor] APS AI governance teams may want to monitor the AI Risk Index outputs from Q1 2025 as a cross-jurisdictional benchmark for evaluating organisational AI risk responses. - [Consider] Agencies developing or updating internal AI risk taxonomies could consider whether the MIT Repository's classification system offers useful reference material, particularly as crosswalks with NIST and EU AI Act are developed. Retrieved from SIMS, 18 May 2026.