Updated OECD AI Principles to keep up with novel and increased risks from general purpose and generative AI
On May 3, 2024, the OECD released a significant update to its AI Principles, expanding them to address the risks posed by generative AI and large language models. This article breaks down what changed from the 2019 version, why those changes matter for regulated industries, and how organizations can take practical steps toward compliance -- particularly around privacy, bias, and risk management.