G7: Announced G7 Hiroshima Process Guidelines and Code of Conduct for Organisations developing advanced AI systems

On 7 September 2023, in the context of the Hiroshima Process, the Group of Seven (G7), in their ministerial statement, announced plans to adopt new guiding principles and a code of conduct for organisations developing advanced Artificial Intelligence (AI) systems. The guidelines would apply to organisations developing, deploying, and using AI systems. The principles to be included in the guidelines and code of conduct are safety measures, identifying vulnerabilities, reporting characteristics of the AI systems and transparency, and risk management plans, among others. In addition, the G7 stated that it considers regulating intellectual property rights and privacy protection in the context of AI.