"Over a year ago, the federal government published the Voluntary Code of Conduct on the Responsible
Development and Management of Advanced Generative AI Systems(1). Reference is made to systems
such as ChatGPT, DALL· E 2 and Midjourney, among others. While they have many benefits such as
to write emails, answer complex questions, generate realistic images or videos, they present significant
risks to health and safety, can propagate bias and carry serious societal impacts, particularly when
used by malicious actors.
It is telling that even the pioneers of artificial intelligence are wary of its risks. In early 2023, more
than 350 AI leaders signed a statement(2) urging the international community to prioritize mitigating
the risk of “extinction” by AI, placing it on par with a pandemic or nuclear war. Since this moratorium
did not take place, it is likely that the urgency to act is even greater today, as Joshua Bengio, one of
the signatories to this request for a moratorium, said in an interview with Les Affaires(3).
Recognizing the importance of rigorous oversight to manage and mitigate these risks, the federal
government encouraged companies to adhere to the Code, which describes:
• the measures that should be implemented pending the adoption of regulations under the Artificial
Intelligence Act;
• as well as the additional measures that should be taken by any company that develops or manages
the operations of such a system made available to a wide audience, i.e. systems with a broader
range of potentially harmful or inappropriate uses.
This proposal is intended to invite the Board of directors to decide whether the bank should adhere
to this Code of Conduct."