The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for developers on Oct. 30, according to a report by Reuters.
According to the report, the code has 11 points that aim to promote “safe, secure, and trustworthy AI worldwide” and help “seize” the benefits of AI while still addressing and troubleshooting the risks it poses.
The plan was drafted by G7 leaders in September. It says it offers voluntary guidance of actions for “organizations developing the most advanced AI systems, including the most advanced foundation models and generative AI systems.”
Additionally, it suggests that companies should publicize reports on the capabilities, limitations, use and misuse of the systems being built. Robust security controls for said systems are also recommended.
Countries involved in the G7 include Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.
Cointelegraph has reached out to the G7 for confirmation of the development and additional information.
This year’s G7 took place in Hiroshima, Japan, with a meeting held between all participating Digital and Tech Ministers on April 29 and 30.
Topics covered in the meeting included emerging technologies, digital infrastructure and AI, with an agenda item specifically dedicated to responsible AI and global AI governance.
The G7’s AI code of conduct comes as governments worldwide are trying to navigate the emergence of AI with its useful capabilities and concerns. The EU was among the first to establish guidelines with its landmark EU AI Act, which had its first draft passed in June.
On Oct. 26, the United Nations established a 39-member advisory committee to tackle issues related to the global regulation of AI.
From within the industry, the developer of the popular AI chatbot ChatGPT, OpenAI, announced that it plans to create a “preparedness” team that will assess a range of AI-related risks.
Hong Kong’s Cyberport, a government-backed business hub focused on Web3, blockchain and artificial intelligence, is ramping up its investment in emerging technologies to position the city as a global tech leader.
On Feb. 27, Cyberport hosted the “AI Safety, Trust, and Responsibility” forum with international AI academic institutions to discuss AI governance, safety and responsible innovation initiatives.
Hong Kong Cyberport hosts AI summit. Source: Cyberport
A day prior, on Feb. 26, the Hong Kong government’s 2025–26 budget paid special attention to emerging technologies, aiming to “seize the critical opportunities presented by technological reform and artificial intelligence development.”
Hong Kong invests heavily in Web3 and AI via the Cyberport hub
The Chinese Special Administrative Region allocated 1 billion Hong Kong dollars ($125.5 million) to establish the Hong Kong AI Research and Development Institute, Financial Secretary Paul Chan Mo-po announced during the Hing Kong budget speech.
The institute is dedicated to “facilitating upstream R&D, transforming midstream and downstream R&D outcomes, and expanding application scenarios.”
To fuel the Web3, blockchain and AI innovation, Cyberport’s Artificial Intelligence Supercomputing Centre (AISC), which launched on Dec. 9, 2024, will grow to a computing power of 3,000 petaFLOPS and will be able to process 3,000 quadrillion floating-point operations per second.
Streamlining AI research and talent development
Additionally, one of the co-organizers of the AI forum, the World Digital Technology Academy (WDTA), also announced the establishment of the “WDTA Asia-Pacific Institute (preparatory)” at Cyberport.
Yale Li, the executive chairman of WDTA, highlighted the institute’s three core initiatives. These include building a “safety-native” technological framework, establishing a “human-oriented” value system and commitment to “responsible innovation.”
Cyberport has signed numerous Memorandums of Understanding (MoUs) with universities and institutions to help students with internship and employment opportunities. Lastly, the Hong Kong government allocated $3 billion Hong Kong dollars ($385.6 million) to Cyberport for the launch of a three-year AI Subsidy Scheme to support the innovations.