WEF to ramp up ethical AI adoption; Forms global alliance

By Amirtha P S, Desk Reporter
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World Economic Forum
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The World Economic Forum (WEF) has launched the Global AI Action Alliance (GAIA), a new flagship initiative to hasten the adoption of inclusive, transparent and trusted artificial intelligence (AI).

The GAIA is a multi-shareholder partnership platform and project incubator designed to speed up the development and adoption of such tools globally in various industries.

The alliance unites more than 100 leading companies, governments, international organizations, non-profits and academics in their commitment to increasing AI’s societal benefits while lowering its risks.

According to the leading professional services firm, PwC, AI could contribute more than $15 trillion to the world economy by 2030, adding 14 percent to global GDP. However, the economic and social potential of AI has become evident, it also has the risks posed by unsafe or unethical AI systems, WEF stated.

Klaus Schwab
Klaus Schwab
Founder & Executive Chairman

“AI holds the potential to deliver enormous benefits to society, but only if it is used responsibly. We are launching the Global AI Action Alliance (GAIA) along with our partners to shape a positive, human-centered future for AI at this decisive moment in its development.”

The members of GAIA work together to identify and execute efficient tools and practices to make sure that AI systems are ethical and serve all society members, including those groups previously demeaned in the AI ecosystem.

The alliance will be guided by a Steering Committee of top global leaders from industry, government, academia and civil society and is co-chaired by the Chairman and CEO of IBM Arvind Krishna and the President of Patrick J McGovern Foundation’s Vilas Dhar.

“Artificial intelligence could contribute over $14 trillion to the global economy by 2035 while dramatically improving the lives of billions, but it will only achieve its potential if it is used responsibly,” WEF stated.

The Alliance will be supported in its mission by leading non-profits committed to driving cutting-edge projects focused on key impact areas and unmet requirements like AI Global, the Institute of AI, AI and You and EqualAI.

The alliance is supported by a grant from the Patrick J McGovern Foundation to offer a community for real-time learning and rapid scaling of proven approaches to ethical AI and a forum to speed up collective action to address the upcoming challenges and issues.