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G7 Agree AI Code of Conduct to Limit Tech Threat Risks

Up until now Japan, the US and countries in Southeast Asia have taken a more hands-off approach than the EU and Canada to AI innovation


An AI sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China
An AI sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China. Photo: Reuters

 

The Group of Seven industrial countries will on Monday agree a code of conduct for advanced artificial intelligence systems, as governments rush to limit 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.

Leaders of the Group of Seven (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 EU has been at the forefront of regulating the emerging technology with its hard-hitting AI Act, while Japan, the United States and countries in Southeast Asia have taken a more hands-off approach than the bloc to boost economic growth.

 

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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 lifecycle, 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.

European Commission digital chief Vera Jourova, speaking at a forum on internet governance in Kyoto, Japan earlier this month, said that a Code of Conduct was a strong basis to ensure safety and that it would act as a bridge until regulation is in place.

 

  • Reuters with additional editing by Sean O’Meara

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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