G7 countries agree to artificial intelligence code of conduct for companies
- The voluntary code of conduct will set a landmark for how major countries govern AI, amid privacy concerns and security risks, the document showed
- The EU has been at the forefront of regulating the emerging technology, while Japan, the US and Asia have taken a more hands-off approach
The Group of Seven (G7) industrial countries will on Monday agree to a code of conduct for companies developing advanced artificial intelligence (AI) systems, a G7 document showed, as governments seek to mitigate the risks and potential misuse of the technology.
The voluntary code of conduct will set a landmark for how major countries govern AI, amid privacy concerns and security risks, the document seen by Reuters showed.
Leaders of the G7 economies made up of Canada, France, Germany, Italy, Japan, Britain and the United States, as well as the European Union, kicked off the process in May at a ministerial forum dubbed the “Hiroshima AI process”.
The 11-point code “aims to promote safe, secure, and trustworthy AI worldwide and will provide voluntary guidance for actions by organisations developing the most advanced AI systems, including the most advanced foundation models and generative AI systems”, the G7 document said.
It “is meant to help seize the benefits and address the risks and challenges brought by these technologies”.
The code urges companies to take appropriate measures to identify, evaluate and mitigate risks across the AI life cycle, as well as tackle incidents and patterns of misuse after AI products have been placed on the market.
Companies should post public reports on the capabilities, limitations and the use and misuse of AI systems, and also invest in robust security controls.