Home G7 to Agree on AI Code Of Conduct For Companies

G7 to Agree on AI Code Of Conduct For Companies

Share
Share

G7 to Agree on AI Code Of Conduct For Companies

The Group of Seven industrial countries will agree on a code of conduct for companies developing advanced artificial intelligence systems, as governments seek to mitigate 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 11-point code aims to promote safe, secure, and trustworthy AI worldwide and provides voluntary guidance for actions by organizations developing the most advanced AI systems.

It encourages 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 also post public reports on the capabilities, limitations, and use and misuse of AI systems, and invest in robust security controls.

(With inputs from Shikha Singh)

Share

Latest News

Strategy STRC Drives Estimated 7,000 Bitcoin Purchase This Week
News

Strategy STRC Drives Estimated 7,000 Bitcoin Purchase This Week

Strategy’s perpetual preferred stock product, known as ‘STRC’, is rapidly becoming a major driver behind the company’s growing Bitcoin holdings. Market estimates...

ECB Unveils Tokenized Finance Plan To Strengthen Euro’s Global Role
News

ECB Unveils Tokenized Finance Plan To Strengthen Euro’s Global Role

The European Central Bank (ECB) has unveiled a new plan to use distributed ledger technology (DLT) to create a tokenised financial ecosystem...

Revolut Secures Full Banking License In UK
News

Revolut Secures Full Banking License In UK

Revolut, a cryptocurrency-friendly fintech startup, has officially obtained a full banking licence in the UK, enabling it to grow its clientele and...

Bullish Overtakes Coinbase To Become Third-largest Crypto Exchange
News

Bullish Overtakes Coinbase To Become Third-largest Crypto Exchange

Crypto trading platform Bullish has risen to the third top position among the three centralised exchanges by spot trading volume. It has...

Latest Blogs

AI-enabled Fraud: Real Cases, Scammer Tactics & Smart Prevention Tips

Hey, congratulations! You won the Rs 2 Crore lottery. To withdraw funds, share your bank details along with a one-time password (OTP)...

Healthcare Will Never Be The Same, Thanks To Blockchain

We have all heard this famous saying, “Health is Wealth’. Success, wealth, and accomplishments are meaningless without good health. Nothing is more...

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM) to withdraw money? Well, with the advent of Unified Payments...

“Bitcoin Hi Bhavishya Hai?” A Latest Statement Of Michael Saylor About BTC

Key Takeaways In the Sujal Show podcast, Michael Saylor shared easy lessons about Bitcoin and saving money. He said Bitcoin is like...

Related Articles

AI-enabled Fraud: Real Cases, Scammer Tactics & Smart Prevention Tips

Hey, congratulations! You won the Rs 2 Crore lottery. To withdraw funds,...

Healthcare Will Never Be The Same, Thanks To Blockchain

We have all heard this famous saying, “Health is Wealth’. Success, wealth,...

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM)...

“Bitcoin Hi Bhavishya Hai?” A Latest Statement Of Michael Saylor About BTC

Key Takeaways In the Sujal Show podcast, Michael Saylor shared easy lessons...