World Economic Forum launches “Global artificial intelligence alliance”

World Economic Forum launches “Global artificial intelligence alliance”

The World Economic Forum (WEF) launched the Global AI Action Alliance (GAIA) initiative to accelerate the adoption of “inclusive, transparent and trusted” artificial intelligence (AI).

What is Global AI Action Alliance?

The Global AI Action Alliance (GAIA) is a new, multi-stakeholder collaboration platform designed to accelerate the development and adoption of such tools globally and in industry sectors.

What is the Aim of Global AI Action Alliance?

The Aim of Global AI Action Alliance initiative is to speed up the adoption of inclusive, trustworthy, and transparent artificial intelligence.

What are Significance of Global AI Action Alliance?

The alliance has plans to host an AI youth council to encourage young people to get involved in the development of ethical AI. The alliance will provide a platform for members to;

• Engage in real-time learning,
• Frame new approaches to ethical AI,
• Increase adoption of best practices and
• Undertake collective action to ensure that AI’s benefits are shared by all.

Who are the Members of Global AI Action Alliance?

The Global AI Action Alliance is consisting of over 100 leading companies, governments, international organizations, non-profits, and academics. They all are committed to maximizing AI’s societal benefits while minimizing its risks. A steering committee will guide the alliance. It is consisting of top global leaders from industry, government, academia, and civil society.

Initial areas of focus

The Global AI Action Alliance identified some Initial areas of focus, which are

• educating government and industry leaders on AI risks, opportunities and best practices
• fostering international peer learning between legislators focused on AI
• driving responsible product design and use within AI-driven organisations
• developing a certification mark for responsible AI systems
• identifying and reducing bias in AI systems
• increasing inclusion in the AI ecosystem and expanding AI’s benefit to underserved groups
• unlocking access to justice through the application of AI in judicial systems
• leveraging AI to accelerate the Sustainable Development Goals
• preparing citizens for the AI future and empowering them to help shape it.

What is Artificial Intelligence?

Artificial intelligence (AI) is a branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. It is the endeavor to replicate or simulate human intelligence in machines.

What are the Importance of Artificial Intelligence?

The importance of artificial intelligence and its subsequent components have been known for quite a long time now. They are being looked upon as tools and techniques to make this world a better place. 

Its importance lies in making our lives easier. These technologies are a great asset to humans and are programmed to reduce the human effort as much as possible. They tend to possess the capability to work in an automated fashion.

These machines tend to speed up your tasks and processes along with a guaranteed level of precision and accuracy, and therefore this is what makes them a useful and important tool.

Apart from making the world an error-free place by their simple and everyday techniques, these technologies and applications are not only related to our general and everyday lives. It is also impacting and holds importance for other domains as well.

Intelligence could contribute more than $15 trillion to the world economy by 2030, adding 14% to global GDP. This would make AI the biggest economic opportunity of the next decade. It represents more value than today’s insurance, oil, and gas, commercial real estate, and automotive industries combined.