As highly advanced artificial intelligence (AI) systems become increasingly integrated into critical aspects of society—from healthcare and finance to transportation and national security—policymakers and broader society are paying closer attention to the potential risks and opportunities associated with their development and deployment. With the support of the Patrick J. McGovern Foundation, the Institute for Security and Technology (IST) engages with a diverse range of stakeholders across the AI ecosystem to better understand the emerging risks of AI foundation models and to develop technical and policy oriented risk reduction strategies, driving forward responsible innovation.