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    EC Launches Survey on G7 Principles on Generative AI

    October 14, 2023

    The European Commission (EC) launched a stakeholder survey on the draft International Guiding Principles for organizations developing advanced artificial intelligence (AI) systems. EU has jointly developed these principles with the G7 members in international context and have no impact on the EU Artificial Intelligence Act proposal and/or the ongoing negotiations on this proposal. The survey seeks stakeholder feedback on the importance of each principle to contribute to establishing guardrails on advanced AI systems on the global level, to seek information on the monitoring mechanism to ensure accountability and solicit views on any potential missing elements or actions. This survey is open as of October 13, 2023 and will close on October 20, 2023.

    The principles are intended to provide guidance for organizations developing and using advanced AI systems, such as foundation models and generative AI. Outlined below are the eleven principles:

    • Take appropriate measures throughout the development of advanced AI systems to identify, evaluate, and mitigate risks across the AI lifecycle
    • Identify and mitigate vulnerabilities, and, where appropriate, incidents and patterns of misuse, after deployment including placement on the market
    • Publicly report advanced AI systems’ capabilities, limitations, and domains of appropriate and inappropriate use
    • Work toward responsible information sharing and reporting of incidents among organizations developing advanced AI systems
    • Develop, implement, and disclose AI governance and risk management policies, including privacy policies and mitigation measures
    • Invest in and implement robust security controls, including physical security, cybersecurity, and insider threat safeguards across the AI lifecycle
    • Develop and deploy reliable content authentication and provenance mechanisms such as watermarking or other techniques to enable users to identify AI-generated content
    • Prioritize research to mitigate societal, safety, and security risks and prioritize investment in effective mitigation measures
    • Prioritize the development of advanced AI systems to address the world’s greatest challenges, notably but not limited to the climate crisis, global health, and education
    • Advance the development and adoption of international technical standards
    • Implement appropriate data input controls and audits

     

    These principles are being developed by G7 members under the Hiroshima Artificial Intelligence process to set up guardrails on a global level. Věra Jourová, Vice-President for Values and Transparency, said that “… we urgently need to shape a framework for this technology [generative AI] at a global level. With these principles, the EU and like-minded democracies will be equipped with the first international set of guidelines to promote an ethical and safe use of advanced AI systems and ensure universal human rights are fully respected.” The feedback received is expected to inform the EU position in the G7 process. The feedback will also contribute to discussions to finalize the negotiations on the guiding principles and the development of a voluntary international Code of Conduct for AI developers, to be endorsed by the G7 leaders this year. The G7 guiding principles and voluntary Code of Conduct will complement at a global level the legally binding rules that the EU co-legislators are currently finalizing under the AI Act.

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    Keywords: International, Europe, EU, Banking, Regtech, Fintech, Generative AI, G7, Guiding Principles, Stakeholder Survey, EC

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