The Alliance will promote the adoption of trustworthy AI.

The World Economic Forum (WEF) on Thursday launched the Global AI Action Alliance (GAIA). It is an effort to accelerate the adoption of inclusive, transparent, and trusted artificial intelligence. Alliance members comprise delegates from more than 100 leading companies, governments, international organizations, non-profits, and academics. (Hindustan Times)

AI the huge global economic opportunity

According to PwC, artificial intelligence (AI) could contribute more than $15 trillion to the world economy by 2030, adding 14% to global GDP. It is likely to be the biggest economic opportunity of the decade.

AI has the potential to generate huge benefits for mankind through applications that address challenges such as improving agricultural yields, reskilling workers, and combatting COVID-19.

However, only robust collaboration can ensure that we maximize the benefits of AI and distribute them equitably across society, according to Kay Firth-Butterfield and Mark Caine, who are the leading lights on AI at the WEF.

“We are launching the Global AI Action Alliance along with our partners to shape a positive, human-centered future for AI at this decisive moment in its development,” Klaus Schwab, founder and executive chairman of the WEF, said.

AI in service of society

The GAIA platform is a new multi-stakeholder collaboration platform and project incubator. Members of the Alliance can learn in real-time, launch new initiatives for ethical AI, and implement the most promising tools for ensuring that AI systems are ethical and serve all of society.

The Alliance will serve also people that AI has historically underserved.

The Alliance is supported by a grant from the Patrick J. McGovern Foundation.

It is overseen by a Steering Committee of top global leaders from industry, government, academia, and civil society. Arvind Krishna, Chairman and CEO of IBM, and Vilas Dhar, President of the Patrick J. McGovern Foundation, will co-chair the Alliance.

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