National AI ethics guidelines to be finalised by year-end: Official

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National AI ethics guidelines to be finalised by year-end: Official

Investors are collaborating to establish expectations for portfolio companies in the realm of artificial intelligence (AI) deployment. The Lord Mayor of London is seeking feedback on the draft guidance, with input from investors managing around $22 trillion collectively. The initiative aims to create a concise consensus to aid investors and investees in responsibly utilizing AI for improved returns and risk mitigation.

The guidelines are being developed amidst concerns about the ethical implications of AI and technological advancements. Major tech companies like Microsoft and Google have faced scrutiny over their carbon emissions, highlighting the need for responsible technology deployment. The Dutch Pension Federation has also introduced a Code of Conduct for AI and Ethics in the Pension Sector, emphasizing responsible AI usage within the industry.

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