On Monday, the Group of Seven (G7) major industrial countries is set to establish a code of ethics for companies that are in the process of creating advanced artificial intelligence systems. This move is part of government’s efforts to address the potential risks and misuse of this technology. The voluntary code of ethics is expected to serve as a significant milestone in the regulation of AI in major nations, particularly in response to concerns regarding privacy and security, according to a document obtained by Helpleak.

G7 will approve an AI code of conduct for businesses

This illustration, captured on May 4, 2023, features a keyboard and a small model hand.

In May, the leaders of the Group of Seven (G7) nations, consisting of Canada, France, Germany, Italy, Japan, the United States, and the United Kingdom, along with the European Union, initiated a procedure at a ministerial forum known as the “Hiroshima AI process.”

The 11-point code’s objective is to encourage the global adoption of safe, secure, and reliable artificial intelligence (AI). It will offer voluntary guidance for entities involved in the development of cutting-edge AI systems, including advanced foundational models and generative AI systems, as stated in the G7 document.

Its purpose is to facilitate the harnessing of advantages and the management of risks and difficulties associated with these technologies.

The code encourages companies to adopt suitable procedures for recognizing, assessing, and mitigating risks throughout the entire lifecycle of AI. Additionally, it calls for addressing incidents and patterns of misuse that may occur after AI products have been introduced to the market.

Furthermore, businesses are advised to publish public reports detailing the capabilities, constraints, and both the responsible and inappropriate applications of AI systems. It also emphasizes the importance of investing in robust security measures.

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The European Union has led the way in regulating emerging technology through its stringent AI Act, whereas Japan, the United States, and nations in Southeast Asia have adopted a more laissez-faire approach in order to stimulate economic expansion.

Vera Jourova, the digital leader of the European Commission, emphasized at a recent Internet governance forum in Kyoto, Japan, that a Code of Conduct serves as a robust foundation for ensuring safety and can function as an interim measure until formal regulations are established.

Information provided by Foo Yun Chee; Edited by Alexander Smith and Susan Fenton.

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