This report makes timely policy recommendations on how G7 countries can set the global agenda for artificial intelligence (AI) governance, including establishing a common lexicon for AI and streamlining regulation between national, regional and professional organisations. It was developed in cooperation with the CSIS AI Council and working group, an international and cross-disciplinary group of chief executives, leading academic experts, and former policy-makers.

AI holds enormous promise to address the world’s most pressing challenges. Individuals and organisations are beginning to use AI to advance labor productivity and drive anti-inflationary growth, develop more sustainable products, cure diseases, feed a growing population, and address climate change. At the same time, if managed or applied poorly, AI safety failures or risks can perpetuate harm and work against the very goals AI’s application seeks to solve.

This report finds that prudent and globally interoperable regulatory frameworks that are risk-based, context-specific, agile, and collaborative can effectively address AI’s challenges, accelerate responsible AI adoption, and harness the full potential of AI.