“A harmonized approach to AI governance, encouraging member countries to develop shared ethical principles, is the need of the hour.” In this context explain the principles guiding AI governance and its significance.

Topic: Ethical philosophies. 

Q7. “A harmonized approach to AI governance, encouraging member countries to develop shared ethical principles, is the need of the hour.” In this context explain the principles guiding AI governance and its significance. [10M]

Difficulty level: Medium

Reference:      The Hindu

 Why the question: The Summit of the Future (September 22-23 2024) will be a decisive moment for global diplomacy and the international norm-building process in the sphere of Artificial Intelligence (AI).

Structure of the answer: 

Introduction: Begin with a context on AI governance.

 Body:

• First explain why harmonised AI approach is necessary.
• Then explain principles guiding AI development..
• Lastly explain some of its significance too.

Conclusion: Use quote and conclude the answer.